Most people have never heard of Saratoga Investment Corp (NYSE:SAR), but for yield-seeking investors, the company could be one of the best opportunities on the market. And it just so happens that insiders have loaded up on its shares, too. Here’s why.
Headquartered in New York City, Saratoga is a business development company (BDC) that provides customized financing solutions for America’s middle-market businesses. The company makes both debt and equity investments and aims to generate current income and long-term capital appreciation from those investments. Last month, Saratoga’s board of directors declared a quarterly cash dividend of $0.56 per share. That’s a 7.7% increase year-over-year and a 1.8% increase sequentially. The new dividend will be paid on September 26 to shareholders of record as of September 13.
Source: Income Investors
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