Saratoga Investment Corp. (SAR) Dividend History

NYSE: SARYield, payment dates, growth and payout ratio.

SAR next dividend

$0.25per share
Ex-dividend dateNov 5Thursday, 2026
Payment dateNov 24Tuesday, 2026

Ex-dividend in 18 days. Shareholders who own SAR before the ex-dividend date receive this payment.

  • 2007paying since
  • Monthly12 payments a year
  • +16.9%5-year growth a year
  • 19.58%forward yield

SAR dividend income calculator

Dividend income a year
$300
Each payment
$25
Value of the shares
$1,532
Dividend yield
19.58%

At the latest close; forward annual dividend $3.00 per share, before tax.

SAR dividends per share by year

Dividends per shareYield at year-end (right axis)

Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.

SAR dividend safety

Payout ratio (earnings)48.3%
Well covered · of trailing twelve-month earnings paid as dividends
Dividend growth (5 years)+16.9%
Growing · a year on average
Years of increases0
Short record · consecutive calendar years with a higher dividend

Descriptive bands, not a rating.

SAR yield on cost

Saratoga Investment Corp. yield on cost
BoughtPrice paidYield on costDividends since% of price
1 year ago$21.7213.81%$3.0013.8%
3 years ago$24.0012.50%$9.1638.2%
5 years ago$29.3410.22%$14.0748.0%
10 years ago$18.4016.30%$23.75129.1%

Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).

SAR dividend payments

Payment

Each bar is one payment, by ex-dividend month (last 40 payments).

SAR dividends by year

Saratoga Investment Corp. dividends per share by year
YearDividends per shareGrowthYield (year-end)Payments
2025$2.99—12.96%10
2024$2.95+4.6%12.33%4
2023$2.82+0.4%10.90%4
2022$2.81—11.02%5
2021$1.81—6.16%4
2020$1.37−17.0%6.57%3
2019$1.65−19.9%6.61%3
2018$2.06−12.3%10.35%4
2017$2.35+25.0%10.51%5
2016$1.88−13.8%9.12%5
2015$2.18—14.14%5
2014$0.18−93.2%1.21%1
2013$2.65−37.6%16.93%1
2012$4.25+41.7%27.60%1
2011$3.00−31.8%24.29%1
2010$4.40−75.9%29.16%1
2009$18.25+14.1%146.20%1
2008$16.00—89.95%5
2007$9.80—13.79%3

SAR dividend history

78 payments
Saratoga Investment Corp. dividend payment history
Ex-dividend datePayment dateAmountChangeFrequency
2026-12-032026-12-22$0.25—Monthly
2026-11-052026-11-24$0.25—Monthly
2026-10-062026-10-22$0.25—Monthly
2026-09-032026-09-23$0.25—Monthly
2026-08-052026-08-25$0.25—Monthly
2026-07-062026-07-23$0.25—Monthly
2026-06-042026-06-23$0.25—Monthly
2026-05-052026-05-21$0.25—Monthly
2026-04-072026-04-23$0.25—Monthly
2026-03-032026-03-19$0.25—Monthly
2026-02-042026-02-23$0.25—Monthly
2026-01-062026-01-22$0.25—Monthly
2025-12-022025-12-18$0.25—Monthly
2025-11-042025-11-20$0.25—Monthly
2025-10-072025-10-23$0.25—Monthly
2025-09-042025-09-24$0.25—Monthly
Show all 78 payments
Ex-dividend datePayment dateAmountChangeFrequency
2025-08-062025-08-21$0.25—Monthly
2025-07-082025-07-24$0.25—Monthly
2025-06-052025-06-24$0.25—Monthly
2025-05-062025-05-22$0.25—Monthly
2025-04-082025-04-24$0.25−66.2%Monthly
2025-03-062025-03-25$0.74—Quarterly
2024-12-042024-12-19$0.74—Quarterly
2024-09-112024-09-26$0.74—Quarterly
2024-06-132024-06-27$0.74+1.4%Quarterly
2024-03-122024-03-28$0.73+1.4%Quarterly
2023-12-082023-12-28$0.72+1.4%Quarterly
2023-09-132023-09-28$0.71+1.4%Quarterly
2023-06-122023-06-29$0.7+1.4%Quarterly
2023-03-152023-03-30$0.69+1.5%Quarterly
2022-12-142023-01-04$0.68+25.9%Quarterly
2022-09-132022-09-29$0.54+1.9%Quarterly
2022-06-132022-06-29$0.53—Quarterly
2022-03-112022-03-28$0.53—Quarterly
2022-01-032022-01-19$0.53+1.9%Quarterly
2021-09-132021-09-28$0.52+18.2%Quarterly
2021-06-142021-06-29$0.44+2.3%Quarterly
2021-04-072021-04-22$0.43+2.4%Quarterly
2021-01-252021-02-10$0.42+2.4%Quarterly
2020-10-232020-11-10$0.41+2.5%Quarterly
2020-07-242020-08-12$0.4−28.6%Quarterly
2020-01-232020-02-06$0.56—Quarterly
2019-09-122019-09-26$0.56+1.8%Quarterly
2019-06-122019-06-27$0.55+1.9%Quarterly
2019-03-132019-03-28$0.54+1.9%Quarterly
2018-12-142019-01-02$0.53+1.9%Quarterly
2018-09-142018-09-27$0.52+2.0%Quarterly
2018-06-142018-06-27$0.51+2.0%Quarterly
2018-03-132018-03-26$0.5+2.0%Quarterly
2017-12-142017-12-27$0.49+2.1%Quarterly
2017-09-142017-09-26$0.48+2.1%Quarterly
2017-06-132017-06-27$0.47+2.2%Quarterly
2017-03-132017-03-28$0.46+2.2%Quarterly
2017-01-272017-02-09$0.45+2.3%Quarterly
2016-10-272016-11-09$0.44+120.0%Quarterly
2016-08-222016-09-05$0.2−53.5%
2016-07-272016-08-09$0.43+4.9%Quarterly
2016-04-132016-04-27$0.41+2.5%Quarterly
2016-01-282016-02-29$0.4+11.1%Quarterly
2015-10-292015-11-30$0.36+9.1%Quarterly
2015-07-302015-08-31$0.33−67.0%Quarterly
2015-05-212015-06-05$1.00+270.4%
2015-04-302015-05-29$0.27+22.7%Quarterly
2015-01-292015-02-27$0.22+22.2%Quarterly
2014-10-302014-11-28$0.18−93.2%Quarterly
2013-11-082013-12-27$2.65−37.6%
2012-11-162012-12-31$4.25+41.7%
2011-11-222011-12-30$3.00−31.8%
2010-11-172010-12-29$4.40−75.9%
2009-11-232009-12-31$18.25+630.0%
2008-12-162008-12-29$2.50−35.9%Quarterly
2008-08-272008-09-15$3.90—Quarterly
2008-05-282008-06-13$3.90—Quarterly
2008-02-272008-03-10$3.90+116.7%Quarterly
2008-01-162008-01-28$1.80−52.6%
2007-11-282007-12-03$3.80+5.6%Quarterly
2007-08-222007-08-31$3.60+50.0%Quarterly
2007-05-242007-06-06$2.40—

Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.

SAR stock split history

  • 1:10August 13, 2010

SAR dividend overview

Saratoga Investment pays an annual dividend of $3.00 per share, a yield of 19.58% at the latest close, paid monthly. It paid $2.99 per share in 2025. Over five years the dividend grew 16.9% a year on average and over ten years 3.2% a year. The payout ratio is 48.3% of trailing earnings.

Related: SAR cash flow statement, SAR key metrics, SAR chart. See the SAR stock overview for the latest quote and news.

SAR dividends FAQ

Does Saratoga Investment pay a dividend?

Yes. Saratoga Investment has paid a regular dividend since 2007, monthly, most recently $0.25 per share with an ex-dividend date of December 3, 2026.

What is Saratoga Investment's dividend yield?

Saratoga Investment's forward annual dividend is $3.00 per share, a dividend yield of 19.58% at the latest close of $15.32.

When is Saratoga Investment's next dividend?

Saratoga Investment's next dividend of $0.25 per share goes ex-dividend on November 5, 2026 and is paid on November 24, 2026. Shareholders who own the stock before the ex-dividend date receive it.

How often does Saratoga Investment pay dividends?

Saratoga Investment pays dividends monthly.

How fast is Saratoga Investment's dividend growing?

Saratoga Investment's dividend per share grew from $1.37 in 2020 to $2.99 in 2025, 16.9% a year on average over five years.

What is Saratoga Investment's dividend payout ratio?

Saratoga Investment pays out 48.3% of its trailing earnings as dividends.

Has Saratoga Investment split its stock?

Saratoga Investment has split its stock 1 time: 1:10 on August 13, 2010. Dividends per share on this page are adjusted for splits.

Asset Management: dividends