Saratoga Investment's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Saratoga Investment (NYSE:SAR) announced a quarterly dividend of 70 cents per share, with the ex-dividend date set for Monday. Shareholders owning SAR by the end of Friday's session will be eligible for the dividend payout, which will be distributed on June 29, 2023.
June 07, 2023 | 2:45 pm
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Saratoga Investment's stock will likely trade lower on Monday due to the ex-dividend date, reflecting the 70 cents per share dividend payout.
Saratoga Investment's stock will likely trade lower on the ex-dividend date, as the stock price adjusts to reflect the dividend payout. This is a common occurrence for stocks on their ex-dividend dates, as the market adjusts the stock price to account for the dividend distribution.
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