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SAY Saratoga Investment Corp. — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Financial Services / Asset Management

$25.32 ▲ $0.06(0.24%) as of Oct 29, 2026 06:20 UTC
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Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. The company was founded on March 21, 2007 and is headquartered in New York, NY.

Dividend Snapshot

StatusFlat
Last Dividend$0.5078Paid Aug 31, 2026
Forward Annual$2.03Regular dividends paid over the last 12 months
FrequencyQuarterly
Last Ex-DateAug 14, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 13, 2026$0.5078, scheduled; no declaration on fileThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.
Next Pay DateNov 30, 2026
1-Yr Growth-0.0%Annual totals, 2024–2025

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.

Dividend Safety Score

Not Rated

scores apply to common shares

Dividend Growth Score

Not Rated

scores apply to common shares

Dividend Value Score

Not Rated

scores apply to common shares

DividendRank

Not Rated

Safety Score not rated (scores apply to common shares)

Key Metrics

Current Yield

8.02%

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

$2.0312

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

Q Quarterly

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)

61

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

$25.05 – $25.76

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

3

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

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (Dividend Safety Score 70+ and yield 2%+): Dividend Safety Score not rated, yield 8.02%.
A Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F Flawless
No calendar year's regular dividend total fell more than 20% below the year before, and no suspension of the regular dividend is on record.
E Enduring
3 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume600Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$25.30Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$25.25 – $25.30Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$25.30Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$212.89MAs of Oct 29, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out8.41MImplied by market cap, Oct 29, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$-0.2612 months to Aug 31, 2026 (Q2 FY2027)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)-54.3Price as of Oct 25, 2026; earnings to Aug 31, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateAug 14, 2026Paid Aug 31, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateNov 13, 2026Pays Nov 30, 2026; scheduled, not yet declaredThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)N/AThe dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)N/AThe dividend's average annual growth rate over the period, compounded.
Consecutive Increases0 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

Why the Yield Moved (90 Days)

SAY's dividend yield rose from 7.99% to 8.02% over the past ~90 days (+0.03 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.03 pp from the share price ($25.43 on Aug 03, 2026 → $25.32 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

Current8.02%
1-Yr Average9.91%
Low / High7.93% – 10.14%
Percentile11%

Across 272 daily observations over the past 13 months (through Oct 23, 2026), SAY's current yield is higher than approximately 11% of them. Our stored price history for SAY 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
$0.5078 Q Regular upcoming, not yet declared N/A Nov 13, 2026 Nov 13, 2026 Nov 30, 2026
$0.5078 Q Regular N/A Aug 14, 2026 Aug 14, 2026 Aug 31, 2026
$0.5078 Q Regular N/A May 15, 2026 May 15, 2026 Jun 01, 2026
$0.5078 Q Regular N/A Feb 13, 2026 Feb 13, 2026 Mar 02, 2026
$0.5078 Q Regular N/A Nov 14, 2025 Nov 14, 2025 Dec 01, 2025
$0.5078 Q Regular N/A Aug 15, 2025 Aug 15, 2025 Sep 02, 2025
$0.5078 Q Regular N/A May 15, 2025 May 15, 2025 Jun 02, 2025
$0.5078 Q Regular N/A Feb 14, 2025 Feb 14, 2025 Feb 28, 2025
$0.5078 Q Regular N/A Nov 15, 2024 Nov 15, 2024 Dec 02, 2024
$0.5078 Q Regular N/A Aug 15, 2024 Aug 15, 2024 Sep 03, 2024
$0.5078 Q Regular N/A May 14, 2024 May 15, 2024 May 31, 2024
$0.5078 Q Regular N/A Feb 14, 2024 Feb 15, 2024 Feb 28, 2024
$0.5078 Q Regular N/A Nov 14, 2023 Nov 15, 2023 Nov 30, 2023
$0.5078 Q Regular N/A Aug 14, 2023 Aug 15, 2023 Aug 31, 2023
$0.5078 Q Regular N/A May 12, 2023 May 15, 2023 May 31, 2023
$0.4401 Q Regular N/A Feb 14, 2023 Feb 15, 2023 Feb 28, 2023

Peer Comparison

Selected Asset Management dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
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

SAY dividend — frequently asked questions

Does Saratoga Investment Corp. pay a dividend?

Yes. Saratoga Investment Corp. (SAY) currently pays a dividend. The annualized dividend is about $2.03 per share, a yield of approximately 8.02%.

What is Saratoga Investment Corp.'s dividend yield?

Saratoga Investment Corp.'s dividend yield is approximately 8.02%, 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 quarterly — 4 times per year.

When is Saratoga Investment Corp.'s next ex-dividend date?

The next scheduled ex-dividend date for Saratoga Investment Corp. is November 13, 2026; no declaration is on file yet. The associated payment is $0.5078 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 3 years of dividend payments on record.

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.