SAR Dividend History & Analysis | 13% Yield

SAR has a dividend yield of 13% and paid 3 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 12.96%
Payout Ratio 45.7%
Growth Rate CAGR 5y -46.6%
Consistency Lifetime 89.4%
Yield on Cost 5y 18.8%
Payout FCF -
Streak Years 1
Dividend Rating 21.2%
Chowder Number yield + growth -33.6% below 12% target for healthy growth
Yield vs Average 5y +18.5% avg 10.94% vs now 12.96%
Debt / EBITDA leverage 0.1x healthy
Income per 10k invested 1,296 USD per year
Ex-Dividend in 6 days: Buy before Aug 5, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly SAR annual dividends paid per share, showing the total cash Saratoga Investment distributed to shareholders each year.
Dividend Growth Year over Year SAR year-over-year dividend growth rate, showing how Saratoga Investment's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History SAR dividend yield history versus share price over the past 5 years, showing how Saratoga Investment's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Asset Management & Custody Banks

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
ECAT NYSE
BlackRock ESG Capital
1,532 M 21.46% 33.43%
BCAT NYSE
BlackRock Capital
1,618 M 21.15% 29.30%
TRIN NASDAQ
Trinity Capital
1,612 M 14.26% 30.72%
FSK NYSE
FS KKR Capital
2,977 M 17.99% 22.76%
CION NYSE
Cion Investment
297 M 16.83% 23.95%
TYG NYSE
Tortoise Energy
1,108 M 11.98% 32.27%
FSCO NYSE
FS Credit Opportunities
993 M 13.17% 27.05%
FBRT NYSE
BSP Realty Trust
586 M 11.70% 28.68%
BCSF NYSE
Bain Capital Specialty
802 M 14.24% 21.92%
MSIF NYSE
MSC Income Fund
495 M 9.47% 29.69%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
ECAT NYSE
BlackRock ESG Capital
1,532 M 46.20% 91.7%
ASA NYSE
ASA Gold Precious Metals
904 M 43.50% 99.2%
MSIF NYSE
MSC Income Fund
495 M 42.57% 100.0%
BCAT NYSE
BlackRock Capital
1,618 M 38.58% 100.0%
KBDC NYSE
Kayne Anderson BDC
892 M 35.03% 100.0%
SLRC NASDAQ
SLR Investment
706 M 35.11% 98.3%
VCTR NASDAQ
Victory Capital Holdings
6,078 M 24.64% 100.0%
STEP NASDAQ
Stepstone
5,370 M 23.52% 98.9%
BXSL NYSE
Blackstone Secured Lending
5,542 M 25.33% 90.8%
ARES NYSE
Ares Management
41,455 M 21.11% 100.0%

SAR Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan 0.58% 40
Feb 0.21% 20
Mar 2.40% 100
Apr 0.45% 40
May 0.41% 40
Jun 1.98% 100
Jul 0.25% 22
Aug 0.25% 22
Sep 2.17% 100
Oct 0.21% 20
Nov 0.23% 20
Dec 1.58% 80

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 33 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-09-03 2026-09-03 2026-09-23 Monthly 0.25 0% N/A
2026-08-05 2026-08-05 2026-08-25 Monthly 0.25 0% N/A
2026-07-06 2026-07-06 2026-07-23 Monthly 0.25 0% 1.13%
2026-06-04 2026-06-04 2026-06-23 Monthly 0.25 0% 1.13%
2026-05-05 2026-05-05 2026-05-21 Monthly 0.25 0% 1.06%
2026-04-07 2026-04-07 2026-04-23 Monthly 0.25 0% 1.13%
2026-03-03 2026-03-03 2026-03-19 Monthly 0.25 0% 1.08%
2026-02-04 2026-02-04 2026-02-23 Monthly 0.25 0% 1.05%
2026-01-06 2026-01-06 2026-01-22 Monthly 0.25 0% 1.08%
2025-12-02 2025-12-02 2025-12-18 Monthly 0.25 0% 1.1%
2025-11-04 2025-11-04 2025-11-20 Monthly 0.25 0% 1.14%
2025-10-07 2025-10-07 2025-10-23 Monthly 0.25 0% 1.04%
2025-09-04 2025-09-04 2025-09-24 Monthly 0.25 0% 1%
2025-08-06 2025-08-06 2025-08-21 Monthly 0.25 0% 1.01%
2025-07-08 2025-07-08 2025-07-24 Monthly 0.25 0% 0.99%
2025-06-05 2025-06-05 2025-06-24 Monthly 0.25 0% 1.02%
2025-05-06 2025-05-06 2025-05-22 Monthly 0.25 0% 1.01%
2025-04-08 2025-04-08 2025-04-24 Monthly 0.25 -66.2% 1.1%
2025-03-06 2025-03-06 2025-03-25 Quarterly 0.74 +111.4% 3.05%
2024-12-04 2024-12-04 2024-12-19 Quarterly 0.35 -52.7% 1.45%
2024-09-11 2024-09-11 2024-09-26 Quarterly 0.74 0% 3.21%
2024-06-13 2024-06-13 2024-06-27 Quarterly 0.74 +1.4% 3.13%
2024-03-12 2024-03-13 2024-03-28 Quarterly 0.73 +1.4% 3.15%
2023-12-08 2023-12-11 2023-12-28 Quarterly 0.72 +1.4% 2.76%
2023-09-13 2023-09-14 2023-09-28 Quarterly 0.71 +1.4% 2.74%
2023-06-12 2023-06-13 2023-06-29 Quarterly 0.7 +1.4% 2.59%
2023-03-15 2023-03-16 2023-03-30 Quarterly 0.69 +1.5% 2.78%
2022-12-14 2022-12-15 2023-01-04 Quarterly 0.68 +25.9% 2.61%
2022-09-13 2022-09-14 2022-09-29 Quarterly 0.54 +1.9% 2.05%
2022-06-13 2022-06-14 2022-06-29 Quarterly 0.53 0% 2.04%
2022-03-11 2022-03-14 2022-03-28 Quarterly 0.53 0% 1.93%
2022-01-03 2022-01-04 2022-01-19 Quarterly 0.53 +1.9% 1.83%
2021-09-13 2021-09-14 2021-09-28 Quarterly 0.52 0% 1.83%

SAR Dividend FAQ

What is the Dividend Yield of SAR?

As of July 2026, SAR's dividend yield is 12.96%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 3.00 USD by the current share price of 19.37.

Does SAR pay a dividend?

As of July 2026, SAR paid a dividend of 3.00 USD in the last 12 months. The last dividend was paid on 2026-09-03 and the payout was 0.25 USD.

How often does SAR pay dividends?

SAR pays dividends monthly. Over the last 12 months, SAR has issued 12 dividend payments. The last dividend payment was made on 2026-09-03.

SAR dividend forecast

Based on historical data, the forecasted dividends per share for SAR for the next payments are between 0.148 (-40.8%) and 0.23 (-8.0%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 12.5%.

Will SAR pay dividends in 2026?

The latest dividend paid per share was 0.25 USD with an Ex-Dividend Date of 2026-09-03. The next Ex-Dividend date for Saratoga Investment (SAR) is 2026-08-05.

What is the next Ex-Dividend Date for SAR?

The next Ex-Dividend date for Saratoga Investment (SAR) is 2026-08-05.

What is the Dividend Growth of SAR?

SAR's average dividend growth rate over the past 5 years is -46.6% per year. Negative growth: SAR's dividend growth is negative and declining.

What is the Yield on Cost of SAR?

SAR's 5-Year Yield on Cost is 18.8%. If you bought SAR's shares at 15.98 USD five years ago, your current annual dividend income (3.00 USD per share, trailing 12 months) equals 18.8% of your original purchase price.

What is the Payout Consistency of SAR?

SAR Payout Consistency is 89.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Moderately consistent: Saratoga Investment has a good track record of consistent dividend payments over its lifetime.

Does SAR have a good Dividend Yield?

SAR's 12.96% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of SAR?

The Dividend Payout Ratio of SAR is 45.7%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of SAR?

SAR's Overall Dividend Rating is 21.22%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SAR Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in SAR's Outstanding Shares?

Saratoga Investment's outstanding shares have increased by approximately 8.17% annually over the past 3 years (Trend Reliability: 95.5%). Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has SAR ever had a Stock Split?

Yes, the last stock split was on Aug 13, 2010 with a ratio of 1:10. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2007 829,100 0%
2008 829,100 0%
2009 905,200 +9.18%
2010 2,752,900 +204.12%
2011 3,310,000 +20.24%
2012 3,970,400 +19.95%
2013 4,851,500 +22.19%
2014 5,379,600 +10.89%
2015 5,632,000 +4.69%
2016 5,727,900 +1.7%
2017 6,040,300 +5.45%
2018 7,480,100 +23.84%
2019 10,036,100 +34.17%
2020 11,169,800 +11.3%
2021 11,450,900 +2.52%
2022 11,893,200 +3.86%
2023 13,052,900 +9.75%
2024 13,790,000 +5.65%
2025 16,108,900 +16.82%
2026 16,252,500 +0.89%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-22 04:31 UTC