SAR Dividend History & Yield
Saratoga Investment Corp. · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Thu, Nov 5, 2026 (in 11 days) | Dec 22, 2026 | $0.2708 | $27.08 | Declared |
| Sat, Dec 5, 2026 (in 41 days) | Dec 19, 2026 | $0.2708 | $27.08 | Estimated |
| Mon, Jan 4, 2027 (in 71 days) | Jan 18, 2027 | $0.2708 | $27.08 | Estimated |
| Wed, Feb 3, 2027 (in 101 days) | Feb 17, 2027 | $0.2708 | $27.08 | Estimated |
| Fri, Mar 5, 2027 (in 131 days) | Mar 19, 2027 | $0.2708 | $27.08 | Estimated |
| Sun, Apr 4, 2027 (in 161 days) | Apr 18, 2027 | $0.2708 | $27.08 | Estimated |
| Tue, May 4, 2027 (in 191 days) | May 18, 2027 | $0.2708 | $27.08 | Estimated |
| Thu, Jun 3, 2027 (in 221 days) | Jun 17, 2027 | $0.2708 | $27.08 | Estimated |
| Sat, Jul 3, 2027 (in 251 days) | Jul 17, 2027 | $0.2708 | $27.08 | Estimated |
| Mon, Aug 2, 2027 (in 281 days) | Aug 16, 2027 | $0.2708 | $27.08 | Estimated |
| Wed, Sep 1, 2027 (in 311 days) | Sep 15, 2027 | $0.2708 | $27.08 | Estimated |
| Fri, Oct 1, 2027 (in 341 days) | Oct 15, 2027 | $0.2708 | $27.08 | Estimated |
Estimated dates and amounts are projected from SAR's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $3.25 per share.
Dividend payment history
Last 40 payments per share. RegularSpecial
Annual dividends per share
How much SAR do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 370 | $5,010 | $1,200 |
| $500 / month | 1,847 | $25,052 | $6,000 |
| $1,000 / month | 3,693 | $50,105 | $12,000 |
Based on the forward yield of 23.95%. $10,000 in SAR would currently pay about $2,395 a year ($200 a month on average). Model reinvestment and growth →
SAR dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Oct 6, 2026 | — | $0.25 | +0.0% |
| Sep 3, 2026 | — | $0.25 | +0.0% |
| Aug 5, 2026 | — | $0.25 | +0.0% |
| Jul 6, 2026 | — | $0.25 | +0.0% |
| Jun 4, 2026 | — | $0.25 | +0.0% |
| May 5, 2026 | — | $0.25 | +0.0% |
| Apr 7, 2026 | — | $0.25 | +0.0% |
| Mar 3, 2026 | — | $0.25 | +0.0% |
| Feb 4, 2026 | — | $0.25 | +0.0% |
| Jan 6, 2026 | — | $0.25 | -50.0% |
| Dec 2, 2025 | — | $0.50 | +100.0% |
| Nov 4, 2025 | — | $0.25 | +0.0% |
| Oct 7, 2025 | — | $0.25 | +0.0% |
| Sep 4, 2025 | — | $0.25 | +0.0% |
| Aug 6, 2025 | — | $0.25 | +0.0% |
| Jul 8, 2025 | — | $0.25 | +0.0% |
| Jun 5, 2025 | — | $0.25 | +0.0% |
| May 6, 2025 | — | $0.25 | +0.0% |
| Apr 8, 2025 | — | $0.25 | -66.2% |
| Mar 6, 2025 | — | $0.74 | -32.1% |
| Dec 4, 2024 | — | $1.09 | +47.3% |
| Sep 11, 2024 | — | $0.74 | +0.0% |
| Jun 13, 2024 | — | $0.74 | +1.4% |
| Mar 12, 2024 | — | $0.73 | +1.4% |
SAR dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Dec 2, 2025 | Raised 100.0% | $0.25 | $0.50 | Paid |
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
SAR scores 95/100 on our yield-trap heuristic (elevated risk).
4 warning flags raised:
- Payout ratio above 100% of earnings
- Yield above 12%, far above market norms
- Payment was cut within the last 5 years
- Share price down more than 30% over 1 year
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Saratoga Investment Corp.
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.
Sector: Financial Services. Industry: Asset Management. First dividend on our records: May 24, 2007. 76 payments tracked. Data last refreshed Oct 24, 2026. Spotted a mistake? Report it and we'll fix it.
SAR dividend FAQ
When is SAR's next ex-dividend date?
SAR's next ex-dividend date is Nov 5, 2026 (in 11 days, declared by the company). You must own the shares before that date to receive the payment of about $0.2708 per share, expected on Dec 22, 2026.
How often does SAR pay dividends?
SAR pays dividends every month, 12 times a year. The most recent payment was $0.25 per share with an ex-date of Oct 6, 2026.
What is SAR's dividend yield?
SAR's trailing 12-month dividend yield is 23.95%, based on $3.25 per share paid over the last year and a share price of $13.57. The forward yield, using the indicated annual rate of $3.25 per share, is 23.95%.
How much does SAR pay per share?
SAR pays about $0.2708 per share each month, which works out to roughly $3.25 per share a year. 100 shares would collect about $325.00 a year.
Has SAR grown or cut its dividend?
Over the last 5 years the regular payout has grown at 12.4% a year (-9.2% over the last year). SAR did cut a regular payment within the last 5 years.
How many shares of SAR do I need to earn $100 a month?
At the current forward yield of 23.95%, you would need about 370 shares of SAR (roughly $5,010 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.
Similar dividend stocks
| Symbol | Type | Price | TTM yield | Annual / share | Frequency | Next ex-date | Trend |
|---|---|---|---|---|---|---|---|
| JPMJPMorgan Chase & Co. | Stock | $331.58 | 1.85% | $6.60 | Quarterly | Jan 5 Est. | |
| VVisa Inc. | Stock | $407.92 | 0.66% | $2.68 | Quarterly | Nov 10 Est. | |
| MAMastercard Incorporated | Stock | $623.60 | 0.56% | $3.48 | Quarterly | Jan 8 Est. | |
| BACBank of America Corporation | Stock | $50.56 | 2.29% | $1.28 | Quarterly | Dec 4 Declared | |
| HSBCHSBC Holdings plc | Stock | $90.68 | 4.14% | $2.00 | Quarterly | Nov 9 Est. | |
| MSMorgan Stanley | Stock | $179.49 | 2.31% | $4.60 | Quarterly | Oct 31 Est. | |
| RYRoyal Bank of Canada | Stock | $201.17 | 1.22% | $4.996 | Quarterly | Oct 26 Declared | |
| GSThe Goldman Sachs Group, Inc. | Stock | $875.68 | 2.06% | $20.00 | Quarterly | Dec 1 Est. |