5 BDC Dividend Stocks for Increased Income

2. Saratoga Investment Corp. (NYSE: SAR)

Number of Hedge Fund Holders: 2
Dividend Yield: 7.7%

Saratoga Investment Corp. (NYSE: SAR) specializes in leveraged and management buyouts, acquisition financings, growth financings, and recapitalizations, among other related areas. The company ranks 2nd on our list of BDC dividend stocks for increased income.

Maxim raised its price target on shares of Saratoga Investment Corp. (NYSE: SAR) this July, from $29 to $31. The firm also holds a Buy rating on the stock.

In the fiscal first quarter of 2022, Saratoga Investment Corp. (NYSE: SAR) had an NII of $0.23, missing estimates by $0.27. The company’s TII was $16.82 million, up 26.46% year over year and beating estimates by $1.56 million, however. Saratoga Investment Corp. (NYSE: SAR) has gained 26.88% in the past 6 months and 40.72% year to date.

By the end of the second quarter of 2021, 2 hedge funds out of the 873 tracked by Insider Monkey held stakes in Saratoga Investment Corp. (NYSE: SAR) worth roughly $1.3 million. This is compared to 2 hedge funds in the previous quarter with a total stake value of approximately $3.3 million.