Saratoga Investment Corp. · SAR · NYSE
Dividend report · updated Nov 11, 2026
$12.70 +0.71% on the day, +$0.09
SAR stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is SAR’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$3.00·23.62%
$0.25 monthly x 12 ⓘ
Next payment
$0.25/mo
pays Dec 22 ⓘ
Next ex-date
Dec 3
ex in 22 days ⓘ
Years without a cut
5 yrs
since the 2020 cut (-27.9%) ⓘ
Paying since
2007
78 payments on file
Yield vs history ⓘ
84
Well above its usual yield
SAR share price & total return
Daily closing price, adjusted for stock splits.
SAR stock page »All dividend lists »Build a portfolio around SAR »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
SAR Dividend Growth (CAGR) ⓘ
1Y 0.0%3Y +1.3%5Y +6.9%10Y +5.1%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). Light bar = declared, not yet paid. The enlarge button shows all 78 payments since 2007.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (2 declared and not yet paid), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +5.88% a year, its typical raise over the last 5 years. From 2029 it slows by a quarter each year, to no less than 5%. Today's $3.00 a year would be $3.89 by 2031 - 30.66% on today's $12.70 price.

How Many SAR Shares for $500 or $1,000 a Month?

At $3.00 a share a year, $500 a month takes about 2,000 SAR shares, about $25,400 at the Nov 11, 2026 close of $12.70. $1,000 a month takes about 4,000 shares, about $50,800. Before taxes, and only while the rate holds.

Saratoga Investment (SAR) pays $0.25 a share monthly, $3.00 a year, a 23.62% run-rate yield at the Nov 11, 2026 close of $12.70. It has made 78 dividend payments since 2007.

At today’s rate of $0.25 monthly and the last close of $12.70, this is what SAR pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.25$0.25$3.00
100 shares$25.00$25.00$300.00
$10,000 invested (787.4 shares)$196.85$196.85$2,362.20
2,000 shares ($500/mo)$500.00$500.00$6,000.00
4,000 shares ($1,000/mo)$1,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 SAR shares reinvest into 1.97 new shares each payment, about 26.4 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 51 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with SAR’s own history in the SAR DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See SAR’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

SAR Dividend Yield Today vs Its 5-Year Range

84/100Well above its usual yieldvs its 5-yr history
  • SAR yields 23.62% today, at the Nov 11, 2026 close of $12.70.
  • Its own 5-year median is 11.41%, so today’s yield is well above its usual level.
Last 5 years: lowest to highest month-end yield
7.08% low26.01% high
Blue mark = today, grey = its 5-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 5 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is SAR’s Next Dividend? December 2026 Ex-Date and Pay Date

SAR’s next dividend is $0.25 a share, declared, with the ex-date on Dec 3, 2026. Own SAR by the close on Dec 2, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Dec 22, 2026. The latest one, $0.25 a share, went ex on Nov 5, 2026 and pays Nov 24, 2026.

  • Ex-dates: about every 30 days (monthly)
  • Payment: usually about 16 days after the ex-date
  • Next earnings report: Jan 6, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does SAR Pay?

SAR pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 16 days later.

Paid in the last 12 months
$3.00 a share, in 11 payments.
-21.7% against the 12 months before ($3.83 in 10 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays every month.
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last raise: Dec 2, 2025 - $0.25 to $0.50 (+$0.25, +100.00%)
  • Usual $ step: $0.227 (median of the raises before it)
Coverage
  • EPS payout: n/a (EPS negative) - $3.00 paid / -$0.25 EPS (4 quarters to Aug 31, 2026); own 4-yr norm 135.6% (median of 12 earlier trailing years)
Loans run through operating cash flow here, so it does not measure dividend coverage.

SAR vs Similar Dividend Stocks (CBFV, SAY...)

Against the 10 dividend-paying Financial Services companies closest to SAR in market value, SAR’s 23.62% run-rate yield is above the group’s middle yield of 4.36%, and its raise streak of 0 years is the 9th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
SAR $12.70Saratoga Investment $0.25/mo$3.00/yr fwd 23.62% Dividend Safety Rating: paid plans only 5 yrsno raise streak
CBFV $40.34CB Financial Services $0.28/qtr$1.12/yr fwd 2.78% Dividend Safety Rating: paid plans only 21+ yrsraised 1 yr in a row
SAY $25.42Saratoga Investment $0.508/qtr$2.03/yr fwd 7.99% Dividend Safety Rating: paid plans only 2+ yrsno raise streak
EIC $8.78Eagle Point Income Company $0.11/mo$1.32/yr fwd 15.03% Dividend Safety Rating: paid plans only 0 yrsno raise streak
CSBB $76.36CSB Bancorp $0.45/qtr$1.80/yr fwd 2.36% Dividend Safety Rating: paid plans only 8+ yrsraised 8+ yrs in a row
PSBQ $51.80PSB Holdings $0.18/half-yr$0.36/yr fwd 0.69% Dividend Safety Rating: paid plans only 20 yrsraised 20 yrs in a row
LIEN $9.17Chicago Atlantic BDC $0.34/qtr$1.36/yr fwd 14.83% Dividend Safety Rating: paid plans only 1+ yrraised 1+ yr in a row
FCAP $63.29First Capital $0.32/qtr$1.28/yr fwd 2.02% Dividend Safety Rating: paid plans only 13 yrsraised 3 yrs in a row
PNNT $3.38PennantPark Investment $0.08/mo$0.96/yr fwd 28.40% Dividend Safety Rating: paid plans only 5 yrsraised 1 yr in a row
MFIN $9.42Medallion Financial $0.14/qtr$0.56/yr fwd 5.94% Dividend Safety Rating: paid plans only 4 yrsraised 3 yrs in a row
LARK $32.28Landmark Bancorp $0.21/qtr$0.84/yr fwd 2.60% Dividend Safety Rating: paid plans only 30+ yrsraised 1 yr in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: SAR vs CBFV, SAR vs SAY, SAR vs EIC.

SAR Dividend History: Every Payment Since 2007

Ex-datePay dateAmountFrequencyType
Dec 3, 2026Dec 22, 2026$0.25MonthlyDeclared
Nov 5, 2026Nov 24, 2026$0.25MonthlyDeclared
Oct 6, 2026Oct 8, 2026$0.25MonthlyRegular
Sep 3, 2026Sep 7, 2026$0.25MonthlyRegular
Aug 5, 2026Aug 7, 2026$0.25MonthlyRegular
Jul 6, 2026Jul 8, 2026$0.25MonthlyRegular
Jun 4, 2026Jun 8, 2026$0.25MonthlyRegular
May 5, 2026May 7, 2026$0.25MonthlyRegular
Apr 7, 2026Apr 9, 2026$0.25MonthlyRegular
Mar 3, 2026Mar 5, 2026$0.25MonthlyRegular
The other 68 SAR payments come with a paid plan.
Show all 78 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for SAR

UnlockDividend Safety Rating: paid plans only
See where SAR lands, and why.
See the rating & factors »
Own SAR? Your payouts fill in by themselves Add SAR once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track SAR →

SAR Dividend Questions

How often does SAR pay dividends?

SAR pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 16 days later.

Does SAR pay dividends monthly?

Yes. SAR pays monthly, 12 times a year.

When is the next SAR dividend?

SAR’s next dividend is $0.25 a share, declared, with the ex-date on Dec 3, 2026. Own SAR by the close on Dec 2, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Dec 22, 2026. The latest one, $0.25 a share, went ex on Nov 5, 2026 and pays Nov 24, 2026. The current rate is $0.25 per share, $3.00 a year.

Does SAR pay a dividend in December 2026?

Yes. SAR declared $0.25 a share with the ex-date on Dec 3, 2026, paying on Dec 22, 2026. Own SAR by the close on Dec 2, 2026 to collect it; shares bought on the ex-date or later do not get it.

How much does SAR pay per share?

SAR pays $0.25 a share monthly, $3.00 a year. At the Nov 11, 2026 close of $12.70 that is a 23.62% run-rate yield, well above its usual level: its own 5-year median is 11.41%.

Has SAR raised its dividend?

SAR has no current streak of yearly raises. The latest raise, on Dec 2, 2025, took the rate from $0.25 to $0.50 (+100.00%). Over five years the dividend grew 6.9% a year.

Is SAR’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. It has gone 5 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my SAR dividends?

Add SAR to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run SAR in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 11, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.