Saratoga Investment Corp. Increases Quarterly Dividend From $0.70 To $0.71 Per Share
Portfolio Pulse from Happy Mohamed
Saratoga Investment Corp. (NYSE:SAR) has announced an increase in its quarterly dividend from $0.70 to $0.71 per share for the fiscal second quarter ended August 31, 2023. This marks the fourteenth consecutive quarterly dividend increase. The dividend is payable on September 28, 2023, to all stockholders of record at the close of business on September 14, 2023. The company's CEO attributes the increase to the impact of rising interest rates on their floating rate assets and the growth of their overall portfolio.
August 14, 2023 | 1:00 pm
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Saratoga Investment Corp. has increased its quarterly dividend, marking the 14th consecutive increase. This could be a positive signal to investors, potentially leading to a positive impact on the company's stock price.
Dividend increases are often seen as a positive signal by investors, as they indicate a company's strong financial health and its ability to generate consistent profits. This could lead to increased demand for the company's stock, potentially driving up its price in the short term.
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