Saratoga Investment Corp. announced that its Board of Directors has declared a quarterly dividend of $0.70 per share for the fiscal first quarter ended May 31, 2023, an increase of $0.01 from $0.69 per share in the prior fiscal fourth quarter, and the thirteenth quarterly dividend increase in a row. This dividend is payable on June 29, 2023, to all stockholders of record at the close of business on June 13, 2023.