Saratoga Investment Corp. announced that its Board of Directors has declared a quarterly dividend of $0.71 per share for the fiscal second quarter ended August 31, 2023, an increase of $0.01 from $0.70 per share in the prior fiscal first quarter, and the fourteenth quarterly dividend increase in a row. This dividend is payable on September 28, 2023, to all stockholders of record at the close of business on September 14, 2023.