SAR Saratoga Investment Corp. — dividend yield, history & ex-dividend dates
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for SAR
| Input | Value | Points | Weight |
|---|---|---|---|
| Dividend record | 11 years of uninterrupted regular payments; last cut Jul 24, 2020 (-27.3%), within 10 years: capped at 50 | 50 | 25% |
| Debt / equity | Debt / equity 2.51x (balance sheet Aug 31, 2026) | 0 | 25% |
| NAV per share trend (3 years) | NAV per share -13.8% over 3 fiscal years (FY2023 29.00 to FY2026 24.99) | 35 | 25% |
| 3-year earnings payout ratio | 3-year earnings payout ratio 170% (FY2024–FY2026) | 0 | 25% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: business development company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for SAR
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 9.1% (2020–2025) | 96 | 25% |
| Consecutive annual increases | 4 consecutive annual increases (through 2025) | 52 | 20% |
| Payout headroom | Headroom from the 3-year earnings payout ratio 170% (FY2024–FY2026) | 0 | 20% |
| NAV per share change (3 years) | NAV per share -13.8% over 3 fiscal years (FY2023 29.00 to FY2026 24.99) | 35 | 15% |
| Revenue growth (3 years) | Revenue CAGR 12.4% (FY2023–FY2026) | 100 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 9.7% (2015–2025) | 99 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: business development company. Formula version 2026-10-19.4.
How the Dividend Value Score is built for SAR
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 100th percentile of its 120 month-end yields | 100 | 40% |
| Price / NAV | Price / NAV 0.60 | 100 | 60% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: business development company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
22.09%
At the Oct 29, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$3.0000
Declared Sep 09, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
M Monthly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
27
As of Oct 29, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$13.57 – $24.02
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
n/a
12 months to Aug 31, 2026 (Q2 FY2027)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
19
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
0.62
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
Why the Yield Moved (90 Days)
SAR's dividend yield rose from 15.71% to 22.09% over the past ~90 days (+6.38 pp). Of that move, +0.00 pp came from changes in the dividend rate and +6.38 pp from the share price ($19.10 on Jul 31, 2026 → $13.58 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 273 daily observations over the past 13 months (through Oct 23, 2026), SAR's current yield is higher than approximately 79% of them. Our stored price history for SAR covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.2500 M | Regular upcoming, declared | Sep 09, 2026 | Dec 03, 2026 | Dec 03, 2026 | Dec 22, 2026 |
| $0.2500 M | Regular upcoming, declared | Sep 09, 2026 | Nov 05, 2026 | Nov 05, 2026 | Nov 24, 2026 |
| $0.2500 M | Regular | Sep 09, 2026 | Oct 06, 2026 | Oct 06, 2026 | Oct 22, 2026 |
| $0.2500 M | Regular | Jun 11, 2026 | Sep 03, 2026 | Sep 03, 2026 | Sep 23, 2026 |
| $0.2500 M | Regular | Jun 11, 2026 | Aug 05, 2026 | Aug 05, 2026 | Aug 25, 2026 |
| $0.2500 M | Regular | Jun 11, 2026 | Jul 06, 2026 | Jul 06, 2026 | Jul 23, 2026 |
| $0.2500 M | Regular | Mar 17, 2026 | Jun 04, 2026 | Jun 04, 2026 | Jun 23, 2026 |
| $0.2500 M | Regular | Mar 17, 2026 | May 05, 2026 | May 05, 2026 | May 21, 2026 |
| $0.2500 M | Regular | Mar 17, 2026 | Apr 07, 2026 | Apr 07, 2026 | Apr 23, 2026 |
| $0.2500 M | Regular | Dec 11, 2025 | Mar 03, 2026 | Mar 03, 2026 | Mar 19, 2026 |
| $0.2500 M | Regular | Dec 11, 2025 | Feb 04, 2026 | Feb 04, 2026 | Feb 23, 2026 |
| $0.2500 I | Regular | Dec 11, 2025 | Jan 06, 2026 | Jan 06, 2026 | Jan 22, 2026 |
| $0.5000 S | Regular | Sep 11, 2025 | Dec 02, 2025 | Dec 02, 2025 | Dec 18, 2025 |
| $0.2500 M | Regular | Sep 11, 2025 | Nov 04, 2025 | Nov 04, 2025 | Nov 20, 2025 |
| $0.2500 M | Regular | Sep 11, 2025 | Oct 07, 2025 | Oct 07, 2025 | Oct 23, 2025 |
| $0.2500 M | Regular | Jun 12, 2025 | Sep 04, 2025 | Sep 04, 2025 | Sep 24, 2025 |
| $0.2500 M | Regular | Jun 12, 2025 | Aug 06, 2025 | Aug 06, 2025 | Aug 21, 2025 |
| $0.2500 M | Regular | Jun 12, 2025 | Jul 08, 2025 | Jul 08, 2025 | Jul 24, 2025 |
| $0.2500 M | Regular | Feb 18, 2025 | Jun 05, 2025 | Jun 05, 2025 | Jun 24, 2025 |
| $0.2500 M | Regular | Feb 18, 2025 | May 06, 2025 | May 06, 2025 | May 22, 2025 |
| $0.2500 M | Regular | Feb 18, 2025 | Apr 08, 2025 | Apr 08, 2025 | Apr 24, 2025 |
| $0.7400 S | Regular | Feb 18, 2025 | Mar 06, 2025 | Mar 06, 2025 | Mar 25, 2025 |
| $1.0900 S | Regular | Nov 07, 2024 | Dec 04, 2024 | Dec 04, 2024 | Dec 19, 2024 |
| $0.7400 Q | Regular | Aug 22, 2024 | Sep 11, 2024 | Sep 11, 2024 | Sep 26, 2024 |
| $0.7400 Q | Regular | May 23, 2024 | Jun 13, 2024 | Jun 13, 2024 | Jun 27, 2024 |
| $0.7300 Q | Regular | Feb 15, 2024 | Mar 12, 2024 | Mar 13, 2024 | Mar 28, 2024 |
| $0.7200 Q | Regular | Nov 15, 2023 | Dec 08, 2023 | Dec 11, 2023 | Dec 28, 2023 |
| $0.7100 Q | Regular | Aug 14, 2023 | Sep 13, 2023 | Sep 14, 2023 | Sep 28, 2023 |
| $0.7000 Q | Regular | May 22, 2023 | Jun 12, 2023 | Jun 13, 2023 | Jun 29, 2023 |
| $0.6900 Q | Regular | Feb 28, 2023 | Mar 15, 2023 | Mar 16, 2023 | Mar 30, 2023 |
| $0.6800 Q | Regular | Nov 15, 2022 | Dec 14, 2022 | Dec 15, 2022 | Jan 04, 2023 |
| $0.5400 Q | Regular | Aug 29, 2022 | Sep 13, 2022 | Sep 14, 2022 | Sep 29, 2022 |
| $0.5300 Q | Regular | May 26, 2022 | Jun 13, 2022 | Jun 14, 2022 | Jun 29, 2022 |
| $0.5300 Q | Regular | Feb 24, 2022 | Mar 11, 2022 | Mar 14, 2022 | Mar 28, 2022 |
| $0.5300 Q | Regular | Jan 05, 2022 | Jan 03, 2022 | Jan 04, 2022 | Jan 19, 2022 |
| $0.5200 Q | Regular | Aug 26, 2021 | Sep 13, 2021 | Sep 14, 2021 | Sep 28, 2021 |
| $0.4400 Q | Regular | May 27, 2021 | Jun 14, 2021 | Jun 15, 2021 | Jun 29, 2021 |
| $0.4300 Q | Regular | Mar 22, 2021 | Apr 07, 2021 | Apr 08, 2021 | Apr 22, 2021 |
| $0.4200 Q | Regular | Jan 05, 2021 | Jan 25, 2021 | Jan 26, 2021 | Feb 10, 2021 |
| $0.4100 Q | Regular | Oct 07, 2020 | Oct 23, 2020 | Oct 26, 2020 | Nov 10, 2020 |
| $0.4000 S | Regular | Jul 07, 2020 | Jul 24, 2020 | Jul 27, 2020 | Aug 12, 2020 |
| $0.5600 S | Regular | Jan 08, 2020 | Jan 23, 2020 | Jan 24, 2020 | Feb 06, 2020 |
| $0.5600 Q | Regular | Aug 27, 2019 | Sep 12, 2019 | Sep 13, 2019 | Sep 26, 2019 |
| $0.5500 Q | Regular | May 28, 2019 | Jun 12, 2019 | Jun 13, 2019 | Jun 27, 2019 |
| $0.5400 Q | Regular | Feb 26, 2019 | Mar 13, 2019 | Mar 14, 2019 | Mar 28, 2019 |
| $0.5300 Q | Regular | Nov 27, 2018 | Dec 14, 2018 | Dec 17, 2018 | Jan 02, 2019 |
| $0.5200 Q | Regular | Aug 28, 2018 | Sep 14, 2018 | Sep 17, 2018 | Sep 27, 2018 |
| $0.5100 Q | Regular | May 30, 2018 | Jun 14, 2018 | Jun 15, 2018 | Jun 27, 2018 |
| $0.5000 Q | Regular | Feb 26, 2018 | Mar 13, 2018 | Mar 14, 2018 | Mar 26, 2018 |
| $0.4900 Q | Regular | Nov 29, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 27, 2017 |
| $0.4800 Q | Regular | Aug 25, 2017 | Sep 14, 2017 | Sep 15, 2017 | Sep 26, 2017 |
| $0.4700 Q | Regular | May 30, 2017 | Jun 13, 2017 | Jun 15, 2017 | Jun 27, 2017 |
| $0.4600 Q | Regular | Feb 28, 2017 | Mar 13, 2017 | Mar 15, 2017 | Mar 28, 2017 |
| $0.4500 Q | Regular | Jan 12, 2017 | Jan 27, 2017 | Jan 31, 2017 | Feb 09, 2017 |
| $0.4400 Q | Regular | Oct 12, 2016 | Oct 27, 2016 | Oct 31, 2016 | Nov 09, 2016 |
| $0.2000 M | Special | Aug 08, 2016 | Aug 22, 2016 | Aug 24, 2016 | Sep 05, 2016 |
| $0.4300 Q | Regular | Jul 14, 2016 | Jul 27, 2016 | Jul 29, 2016 | Aug 09, 2016 |
| $0.4100 Q | Regular | Apr 01, 2016 | Apr 13, 2016 | Apr 15, 2016 | Apr 27, 2016 |
| $0.4000 Q | Regular | Jan 14, 2016 | Jan 28, 2016 | Feb 01, 2016 | Feb 29, 2016 |
| $0.3600 Q | Regular | Oct 14, 2015 | Oct 29, 2015 | Nov 02, 2015 | Nov 30, 2015 |
| $0.3300 Q | Regular | Jul 15, 2015 | Jul 30, 2015 | Aug 03, 2015 | Aug 31, 2015 |
| $1.0000 M | Special | May 15, 2015 | May 21, 2015 | May 26, 2015 | Jun 05, 2015 |
| $0.2700 Q | Regular | Apr 09, 2015 | Apr 30, 2015 | May 04, 2015 | May 29, 2015 |
| $0.2200 Q | Regular | Sep 24, 2014 | Jan 29, 2015 | Feb 02, 2015 | Feb 27, 2015 |
| $0.1800 A | Regular | Sep 24, 2014 | Oct 30, 2014 | Nov 03, 2014 | Nov 28, 2014 |
| $2.6500 A | Special | Oct 30, 2013 | Nov 08, 2013 | Nov 13, 2013 | Dec 27, 2013 |
| $4.2500 S | Special | Nov 09, 2012 | Nov 16, 2012 | Nov 20, 2012 | Dec 31, 2012 |
| $0.5217 A | Special | Nov 15, 2011 | Nov 22, 2011 | Nov 25, 2011 | Dec 30, 2011 |
| $0.8200 I | Special | Nov 12, 2010 | Nov 17, 2010 | Nov 19, 2010 | Dec 29, 2010 |
| $0.2500 A | Regular | Nov 13, 2009 | Nov 23, 2009 | Nov 25, 2009 | Dec 31, 2009 |
| $0.2500 Q | Regular | Dec 08, 2008 | Dec 16, 2008 | Dec 18, 2008 | Dec 29, 2008 |
| $0.3900 Q | Regular | Aug 19, 2008 | Aug 27, 2008 | Aug 29, 2008 | Sep 15, 2008 |
| $0.3900 Q | Regular | May 22, 2008 | May 28, 2008 | May 30, 2008 | Jun 13, 2008 |
| $0.3900 I | Regular | Feb 20, 2008 | Feb 27, 2008 | Feb 29, 2008 | Mar 10, 2008 |
| $0.1800 M | Special | Dec 28, 2007 | Jan 16, 2008 | Jan 18, 2008 | Jan 28, 2008 |
| $0.3800 Q | Regular | Nov 15, 2007 | Nov 28, 2007 | Nov 30, 2007 | Dec 03, 2007 |
| $0.3600 Q | Regular | Aug 14, 2007 | Aug 22, 2007 | Aug 24, 2007 | Aug 31, 2007 |
| $0.2400 Q | Regular | May 21, 2007 | May 24, 2007 | May 29, 2007 | Jun 06, 2007 |
Peer Comparison
Selected Asset Management dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| HLNE | Hamilton Lane Incorporated | 2.90% | 11.7% | 7 yrs | 91 |
| TROW | T. Rowe Price Group, Inc. | 5.00% | 7.1% | 38 yrs | 90 |
| RJF | Raymond James Financial, Inc. | 1.37% | 15.2% | 16 yrs | 89 |
| CVG.TO | Clairvest Group Inc. | 1.12% | 9.7% | 1 yr | 86 |
Related Guides & Lists
SAR dividend — frequently asked questions
Does Saratoga Investment Corp. pay a dividend?
Yes. Saratoga Investment Corp. (SAR) currently pays a dividend. The annualized dividend is about $3.00 per share, a yield of approximately 22.09%.
What is Saratoga Investment Corp.'s dividend yield?
Saratoga Investment Corp.'s dividend yield is approximately 22.09%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Saratoga Investment Corp. pay dividends?
Saratoga Investment Corp. pays dividends monthly — 12 times per year.
When is Saratoga Investment Corp.'s next ex-dividend date?
The next declared ex-dividend date for Saratoga Investment Corp. is November 5, 2026. The associated payment is $0.2500 per share; you must own the shares before the ex-dividend date to receive it.
How long has Saratoga Investment Corp. paid dividends?
Saratoga Investment Corp. has 19 years of dividend payments on record, and has increased its dividend for 4 consecutive years.
Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.