Saratoga Investment Corp. SAY | NYSE
$25.10
-$0.07 | -0.28%
SIGNAL:
|2026-09-29
|F&G 38
|RSI 45.1
|2026-09-29
|F&G 38
|RSI 45.1
Next Earnings: Oct 06, 2026
Company Overview:
Market Cap:
$270.77M
Trailing PE:
25.1x
FWD PE *:
12.6x
Payout Ratio (TTM):
277.4%
52-Week Range:
$7.79 - $25.76
* Forward PE is based on street estimates.
3.8 Year SAY Performance Metrics:
Total Return (with DRIP):
31.3% (7.42% CAGR)
Total Return (no DRIP):
27.8% (6.67% CAGR)
Share Price:
1.4% (0.37% CAGR)
Yield on Cost (with DRIP):
10.63%
Total Invested:
$10,000
Total Value (with DRIP):
$13,128
Total Return $ (with DRIP):
$3,128
Dividend Increase:
0.0% (0.01% CAGR)
Dividend Yield (FWD):
8.10% ($2.03)
SAY 3.8-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
SAY Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
SAY Price CAGR:1Y: -0.52%2Y: -0.57%5Y: 0.37%10Y: 0.37%
SAY Dividend Charts
SAY Dividend CAGR:1Y: 0.00%2Y: 0.02%5Y: 0.01%10Y: 0.01%
SAY Dividend Payout Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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SAY Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
SAY Revenue CAGR:1Y: 5.06%2Y: -10.80%5Y: 10.45%10Y: 14.55%
SAY EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY EBITDA CAGR:1Y: 60.79%2Y: 0.00%5Y: -2.52%10Y: 0.00%
SAY Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Operating Income CAGR:1Y: 60.79%2Y: -8.95%5Y: -2.52%10Y: 16.49%
SAY Gross Profit CAGR:1Y: 41.99%2Y: -9.25%5Y: 19.03%10Y: 11.70%
SAY Shares Outstanding CAGR:1Y: 5.92%2Y: 8.98%5Y: 7.79%10Y: 10.97%
SAY Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Expenses CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
SAY Actual Revenue CAGR:1Y: 5.06%2Y: -10.80%5Y: 10.45%10Y: 14.55%
SAY Actual EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Actual Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Actual EBITDA CAGR:1Y: 60.79%2Y: 0.00%5Y: -2.52%10Y: 0.00%
Ratios, Profit Margins & Return on Capital:
SAY Net Profit Margin CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Gross Profit Margin CAGR:1Y: 35.15%2Y: 1.74%5Y: 7.77%10Y: -2.49%
SAY Price to Earnings CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Price To Sales Ratio CAGR:1Y: -7.65%2Y: 16.19%5Y: -4.08%10Y: -3.96%
SAY Return on Capital Employed CAGR:1Y: 61.35%2Y: -11.45%5Y: -12.42%10Y: 1.12%
SAY Return on Invested Capital CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
SAY Dividends Info:
Annual Dividend:
$2.032
Forward Yield:
8.1%
Ex-Dividend Date:
2026-08-14
Lifetime Dividends / Share:
$7.55
SAY Dividend History: Dates, Payments & Yield list
Below is a schedule of all SAY dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 08/14/2026 | 08/17/2026 | $0.508 | 8.1% | 8.1% | $25.09 |
| 05/15/2026 | 05/18/2026 | $0.508 | 8.11% | 8.1% | $25.10 |
| 02/13/2026 | 02/16/2026 | $0.508 | 8.09% | 8.08% | $25.14 |
| 11/14/2025 | 11/17/2025 | $0.508 | 8.03% | 8.04% | $25.28 |
| 08/15/2025 | 08/18/2025 | $0.508 | 8.03% | 8.03% | $25.31 |
| 05/15/2025 | 05/19/2025 | $0.508 | 8.07% | 8.11% | $25.07 |
| 02/14/2025 | 02/17/2025 | $0.508 | 8.05% | 8.04% | $25.25 |
| 11/15/2024 | 11/18/2024 | $0.508 | 8.1% | 8.08% | $25.13 |
| 08/15/2024 | 08/19/2024 | $0.508 | 8.1% | 8.07% | $25.18 |
| 05/14/2024 | 05/16/2024 | $0.508 | 8.09% | 8.11% | $25.05 |
| 02/14/2024 | 02/16/2024 | $0.508 | 8.08% | 8.06% | $25.19 |
| 11/14/2023 | 11/16/2023 | $0.508 | 8.18% | 8.16% | $24.90 |
| 08/14/2023 | 08/16/2023 | $0.508 | 8.19% | 8.17% | $24.87 |
| 05/12/2023 | 05/15/2023 | $0.440 | 7.17% | 7.19% | $24.49 |
| 02/14/2023 | 02/16/2023 | $0.508 | 8.07% | 8.08% | $25.15 |
Projected Future Returns & Dividends for SAY
Based on past 3.8-year performance, here are SAY growth metrics:
Share price CAGR of +0.37%
Dividend CAGR of +0.01%
Using SAY CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| SAY (DRIP) | SAY - No DRIP | |
|---|---|---|
| Current Price | $25.10 | $25.10 |
| Start Shares | 398.41 | 398.41 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 876.80 | 398.41 |
| Dividends Payment | $0.51 | $0.51 |
| Annual Dividends | $1,784 | $810 |
| Yield on cost | 17.84% | 8.10% |
| Share Price | $26.04 | $26.04 |
| Total Dividends | $12,237 | $8,100 |
| Final Value | $22,836 | $18,476 |
Estimated Future Value + Dividends - SAY
NOTE: Above numbers are our estimate based on SAY's Dividend and Price CAGR over past 3.8 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
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Company Info
Saratoga Investment Corp. (SAY) had its IPO on 2022-12-16, and is traded on NYSE stock exchange.
Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. The company was founded on March 21, 2007 and is headquartered in New York, NY.
SAY website: https://saratogainvestmentcorp.com
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DCF Model — SAY
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vs current price $25.10
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Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
