Saratoga Investment Corp. (SAR) Dividend
Saratoga Investment Corp. (SAR) currently pays a dividend yield of 19.98%, distributing $3.00 per share annually ($0.25 per month). The company operates in the Financial Services sector.
SAR dividend at a glance
| Dividend Yield | 19.98% |
|---|---|
| Annual Dividend | $3.00 per share |
| Per Payment | $0.25 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | November 5, 2026 |
| Next Payment Date | November 19, 2026 |
| Payout Ratio | 306% |
| Sector | Financial Services |
| Implied Share Price (from yield) | $15.02 |
What SAR pays on a $10,000 investment
At a 19.98% yield, $10,000 invested in SAR generates about $1,998.00 per year, or roughly $166.50 every month. Share counts below use an implied price of $15.02, derived from the $3.00 annual dividend and the 19.98% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 66.6 | $199.80 | $16.65 |
| $5,000 | 333 | $999.00 | $83.25 |
| $10,000 | 666 | $1,998.00 | $166.50 |
| $25,000 | 1,665 | $4,995.00 | $416.25 |
| $100,000 | 6,660 | $19,980.00 | $1,665.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
SAR dividend payment schedule
SAR pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is November 5, 2026, with payment on November 19, 2026. Later rows are projected forward at the same interval and will shift when Saratoga Investment Corp. declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 5, 2026 | November 19, 2026 | $0.25 | Confirmed |
| December 5, 2026 | December 19, 2026 | $0.25 | Projected |
| January 5, 2027 | January 19, 2027 | $0.25 | Projected |
| February 5, 2027 | February 19, 2027 | $0.25 | Projected |
| March 5, 2027 | March 19, 2027 | $0.25 | Projected |
| April 5, 2027 | April 19, 2027 | $0.25 | Projected |
To collect a SAR dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How SAR's dividend compares
Across the 1000 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.57%. SAR's 19.98% is 16.41 percentage points above that median, ranking 118th of 1000 by yield.
Within Financial Services, where we track 157 names, the median yield is 9.52% — putting SAR above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
What the numbers mean
SAR pays out roughly 306% of its earnings as dividends. That is a high payout ratio. The dividend is consuming most of reported earnings, which is normal for REITs and some funds but a caution flag elsewhere.
SAR pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
SAR dividend FAQ
When is the next SAR ex-dividend date?
The next SAR ex-dividend date is November 5, 2026, with the payment scheduled for November 19, 2026. You must own shares before the ex-dividend date to receive that payment.
What is SAR's dividend yield?
SAR currently yields 19.98%, based on $3.00 in dividends per share over the past year.
How often does SAR pay dividends?
SAR pays monthly, which works out to 12 payments per year of about $0.25 per share.
How much dividend income would $10,000 of SAR generate?
At the current 19.98% yield, $10,000 invested in SAR would produce roughly $1,998.00 per year, or about $166.50 per month, before taxes and assuming the dividend holds.
Is SAR a Dividend Aristocrat?
No. SAR is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
SAR dividend history
DivTrkr holds 76 recorded SAR dividend payments going back to 2007. See the full SAR dividend history — every payment, annual totals and growth by year.
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Track SAR dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.