Last Chance to Buy Saratoga Investment Corp Stock to Receive the Upcoming Dividend
Saratoga Investment Corp (SAR) stock goes ex-dividend on Mar 15, 2023 ahead of the upcoming cash dividend payment of $0.69 per share. The $0.69 per share Saratoga Investment Corp dividend is expected to be payed on Mar 30, 2023, and represents an approximate yield of 10.04%. To receive the dividend, investors and traders have to buy shares of SAR before the ex-dividend date. As explained below, buying a stock on the ex-dividend date is too late to get the next dividend payment of $0.69 per share.
Saratoga Investment Corp Ex-Dividend Date Explained
To determine whether or not an investor can expect to receive the Saratoga Investment Corp dividend payment on Mar 30, 2023, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys SAR stock on Mar 15, 2023 or after, they will not receive the next dividend payment on Mar 30, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns Saratoga Investment Corp stock today, before the ex-dividend date of Mar 15, 2023, they will get the dividend payment of $0.69 per share on Mar 30, 2023.
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