Saratoga Investment (SAR) dividend history and yield
Dividend summary
- Frequency
- Monthly
- Trailing 12 months
- $3.25
- Forward yield
- 21.17%
- Payout ratio
- 157.0%
Saratoga Investment pays a monthly dividend of $0.25 per share. The newest recorded distribution has an ex-date of December 3, 2026, and a payment date of December 22, 2026. Over the trailing 12 months, Saratoga Investment paid a total of $3.25 per share, representing a dividend yield of 22.08% at a share price of $14.7209. The company's dividend growth streak is currently listed at 0 years.
Historically, Saratoga Investment paid quarterly dividends before shifting to its monthly payment cadence of $0.25 per share in April 2025. Under the prior quarterly pattern, payments rose steadily from $0.40 in July 2020 to $0.74 in June 2024, including regular $0.01 quarterly increases throughout 2023. Annual payout totals for complete calendar years reflect this structure, with $1.81 paid in 2021, $2.81 in 2022, $2.82 in 2023, $3.30 in 2024, $3.24 in 2025, and $3.00 across 12 monthly payments in 2026.
Because the December 2026 payment is already declared, the next expected distribution under the monthly schedule would fall with an ex-date in early January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 9, 2026 | Dec 3, 2026 | Dec 22, 2026 | $0.25 |
| Sep 9, 2026 | Nov 5, 2026 | Nov 24, 2026 | $0.25 |
| Sep 9, 2026 | Oct 6, 2026 | Oct 22, 2026 | $0.25 |
| Jun 11, 2026 | Sep 3, 2026 | Sep 23, 2026 | $0.25 |
| Jun 11, 2026 | Aug 5, 2026 | Aug 25, 2026 | $0.25 |
| Jun 11, 2026 | Jul 6, 2026 | Jul 23, 2026 | $0.25 |
| Mar 17, 2026 | Jun 4, 2026 | Jun 23, 2026 | $0.25 |
| Mar 17, 2026 | May 5, 2026 | May 21, 2026 | $0.25 |
| Mar 17, 2026 | Apr 7, 2026 | Apr 23, 2026 | $0.25 |
| Dec 11, 2025 | Mar 3, 2026 | Mar 19, 2026 | $0.25 |
| Dec 11, 2025 | Feb 4, 2026 | Feb 23, 2026 | $0.25 |
| Dec 11, 2025 | Jan 6, 2026 | Jan 22, 2026 | $0.25 |
| Nov 12, 2025 | Dec 2, 2025 | Dec 18, 2025 | $0.25 |
| Nov 12, 2025 | Dec 2, 2025 | Dec 18, 2025 | $0.25 |
| Sep 11, 2025 | Nov 4, 2025 | Nov 20, 2025 | $0.25 |
| Sep 11, 2025 | Oct 7, 2025 | Oct 23, 2025 | $0.25 |
| Jun 12, 2025 | Sep 4, 2025 | Sep 24, 2025 | $0.25 |
| Jun 12, 2025 | Aug 6, 2025 | Aug 21, 2025 | $0.25 |
| Jun 12, 2025 | Jul 8, 2025 | Jul 24, 2025 | $0.25 |
| Feb 18, 2025 | Jun 5, 2025 | Jun 24, 2025 | $0.25 |
Frequently asked questions
Does Saratoga Investment (SAR) pay a dividend?
Yes. Saratoga Investment pays a monthly dividend; the most recent payment was $0.25 per share.
What is SAR's dividend yield?
Saratoga Investment paid $3.25 per share over the trailing twelve months, a yield of 21.17% at the last price of $15.36. Click here to learn more
When is SAR's next ex-dividend date?
Saratoga Investment's next ex-dividend date is Dec 3, 2026, payable on Dec 22, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.