Investors Rejoice as Saratoga Increases Dividends
- Saratoga Investment increases its quarterly dividend by 1.4%
- New dividend is 74 cents per share
- Dividend represents a yield of 12.7% based on the latest closing price
- Payment date set for June 27
Saratoga Investment, a business development company, has announced an increase in its quarterly dividend from 73 cents per share to 74 cents. This marks a 1.4% rise in the payout. The new dividend equates to $2.96 annually and offers a yield of 12.7%, based on the company’s recent closing price of $23.22. Shareholders can expect to receive their payments on June 27.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Saratoga Investment increasing its quarterly dividend, the new payout amount, and the yield based on the company’s closing price. It is concise and relevant to the main topic without any digressions or unnecessary details.
Noise Level: 4
Noise Justification: The article provides relevant information about a company increasing its dividend and includes specific details such as the new payout amount and yield. However, it lacks analysis or context that would make it more informative or insightful for readers.
Public Companies: Saratoga Investment (unknown)
Key People: Sabela Ojea (unknown)
Financial Relevance: Yes
Financial Markets Impacted: Saratoga Investment Corporation
Financial Rating Justification: This article discusses a company increasing its dividend payout, which can impact the company’s stock price and potentially affect investors’ decisions. It also mentions the yield based on the company’s latest closing price, which is relevant to financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article, which discusses a company increasing its dividend and its yield based on its latest closing price.
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