SAR Dividend History & Analysis | 14.8% Yield

SAR has a dividend yield of 14.8% and paid 3.74 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 14.83%
Payout Ratio 37.5%
Growth Rate CAGR 5y 13.37%
Consistency Lifetime 81.6%
Yield on Cost 5y 26.68%
Payout FCF -
Streak Years 19
Dividend Rating 68.16%
Ex-Dividend in 23 days: Buy before Mar 3, 2026 to receive the next dividend.

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 6.9%
Total Return 5y: 67.4%

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
ECC 709 M 24.3% 44.7%
OXLC 1,177 M 28.3% 29.2%
ECAT 1,534 M 22.0% 36.5%
OCCI 129 M 24.3% 30.5%
BCAT 1,540 M 22.4% 31.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ECAT 1,534 M 144% 91.7%
FSCO 1,204 M 105% 90.0%
OPFI 831 M 108% 100%
SUNS 126 M 90.5% 100%
OWL 21,322 M 60.1% 100%

Quality Dividend Peers in Asset Management & Custody Banks

BUI
BlackRock Utility
 10.47% Yield
GNT
GAMCO Natural Resources
 7.98% Yield
GAM
General American
 11.74% Yield
BK
The Bank of New York
 2.10% Yield
TRIN
Trinity Capital
 14.80% Yield
TBLD
Thornburg Income
 6.56% Yield

SAR Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2026-03-03 2026-03-03 2026-03-19 Monthly 0.25 0% N/A
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 0% 3.05%
2024-12-04 2024-12-04 2024-12-19 Quarterly 0.74 0% 3.06%
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 18.2% 1.83%
2021-06-14 2021-06-15 2021-06-29 Quarterly 0.44 2.3% 1.71%
2021-04-07 2021-04-08 2021-04-22 Quarterly 0.43 2.4% 1.65%
2021-01-25 2021-01-26 2021-02-10 Quarterly 0.42 2.4% N/A
2020-10-23 2020-10-26 2020-11-10 Quarterly 0.41 2.5% N/A
2020-07-24 2020-07-27 2020-08-12 Quarterly 0.4 -28.6% N/A
2020-01-23 2020-01-24 2020-02-06 Quarterly 0.56 0% N/A
2019-09-12 2019-09-13 2019-09-26 Quarterly 0.56 1.8% N/A
2019-06-12 2019-06-13 2019-06-27 Quarterly 0.55 1.9% N/A
2019-03-13 2019-03-14 2019-03-28 Quarterly 0.54 1.9% N/A
2018-12-14 2018-12-17 2019-01-02 Quarterly 0.53 1.9% N/A
2018-09-14 2018-09-17 2018-09-27 Quarterly 0.52 2% N/A
2018-06-14 2018-06-15 2018-06-27 Quarterly 0.51 2% N/A
2018-03-13 2018-03-14 2018-03-26 Quarterly 0.5 2% N/A
2017-12-14 2017-12-15 2017-12-27 Quarterly 0.49 2.1% N/A
2017-09-14 2017-09-15 2017-09-26 Quarterly 0.48 2.1% N/A
2017-06-13 2017-06-15 2017-06-27 Quarterly 0.47 2.2% N/A
2017-03-13 2017-03-15 2017-03-28 Quarterly 0.46 2.2% N/A
2017-01-27 2017-01-31 2017-02-09 Quarterly 0.45 2.3% N/A
2016-10-27 2016-10-31 2016-11-09 Quarterly 0.44 120% N/A
2016-08-22 2016-08-24 2016-09-05 Other 0.2 -53.5% N/A
2016-07-27 2016-07-29 2016-08-09 Quarterly 0.43 4.9% N/A
2016-04-13 2016-04-15 2016-04-27 Quarterly 0.41 2.5% N/A
2016-01-28 2016-02-01 2016-02-29 Quarterly 0.4 0% N/A

SAR Dividend FAQ

Saratoga Investment Corp. (NYSE:SAR) operates as a Business Development Company (BDC) that provides leveraged and management-buyout financing to lower-middle-market firms, using a mix of debt (first/second lien, mezzanine, senior secured) and equity (preferred, common) instruments.

What is the Dividend Yield of SAR?

As of February 2026, SAR`s dividend yield is 14.83%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 3.74 USD by the current share price of 23.47.

Does SAR pay a dividend?

As of February 2026, SAR paid a dividend of 3.74 USD in the last 12 months. The last dividend was paid on 2026-03-03 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 13 dividend payments. The last dividend payment was made on 2026-03-03.

SAR dividend forecast

Based on historical data, the forecasted dividends per share for SAR for the next 4 payments are between 0.071 (-71.6%) and 0.162 (-35.2%).
This represents a significant dividend cut compared to the last payment.

Will SAR pay dividends in 2026?

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

What is the next Ex-Dividend Date for SAR?

The next Ex-Dividend date for Saratoga Investment (SAR) is 2026-03-03.

What is the Dividend Growth of SAR?

SAR's average dividend growth rate over the past 5 years is 13.4% per year.
Strong growth: SAR's Dividend growth is outpacing inflation.

What is the Yield on Cost of SAR?

SAR's 5-Year Yield on Cost is 26.7%. If you bought SAR's shares at 14.02 USD five years ago, your current annual dividend income (3.74 USD per share, trailing 12 months) equals 26.7% of your original purchase price.

What is the Payout Consistency of SAR?

SAR Payout Consistency is 81.6%. 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 14.83% 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 37.5%. 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 68.16%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SAR Outstanding Shares Analysis

What is the Trend in SAR's Outstanding Shares?

Saratoga Investment's outstanding shares have increased by approximately 11.09% annually over the past 3 years (Trend Reliability: 100.0%).

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
2008 829,100
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%

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: 2026-02-07 03:25