Saratoga Investment Corp.

Saratoga Investment Corp.

SARยทNYSE

$22.41

-2.0%
Financial ServicesAsset Management

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.

At a Glance

Live Snapshot
Market Cap$364.56M
EPS2.3100
P/E Ratio9.70
Earnings Date07/14/2026
3.92%
Dividend Yield
36%
3Y+89.0%
5Y+169.0%
10Y+150.0%
-550.45%
Dividend Payout Ratio
-712%
3Y-1659.0%
5Y-1448.0%
10Y-1330.0%
3Y+112.0%
5Y+281.0%
10Y+878.0%
Saratoga Investment Corp.

Saratoga Investment Corp. Dividend History

SAR ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

SAR Dividend Payment History

SAR ยท NYSE

Total Payments

50

Latest Dividend

$0.2500

Annual Amount

$3.5000

Frequency

Monthly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Mar 17, 2026
Jun 4, 2026Jun 23, 2026
$0.2500
$0.2500
Monthly0.00%
Mar 17, 2026
May 5, 2026May 21, 2026
$0.2500
$0.2500
Monthly0.00%
Mar 17, 2026
Apr 7, 2026Apr 23, 2026
$0.2500
$0.2500
Monthly0.00%
Dec 11, 2025
Mar 3, 2026Mar 19, 2026
$0.2500
$0.2500
Monthly0.00%
Dec 11, 2025
Feb 4, 2026Feb 23, 2026
$0.2500
$0.2500
Monthly0.00%
Dec 11, 2025
Jan 6, 2026Jan 22, 2026
$0.2500
$0.2500
Monthly-50.00%
Sep 11, 2025
Dec 2, 2025Dec 18, 2025
$0.5000
$0.5000
Monthly+100.00%
Sep 11, 2025
Nov 4, 2025Nov 20, 2025
$0.2500
$0.2500
Monthly0.00%
Sep 11, 2025
Oct 7, 2025Oct 23, 2025
$0.2500
$0.2500
Monthly0.00%
Jun 12, 2025
Sep 4, 2025Sep 24, 2025
$0.2500
$0.2500
Monthly0.00%
Jun 12, 2025
Aug 6, 2025Aug 21, 2025
$0.2500
$0.2500
Monthly0.00%
Jun 12, 2025
Jul 8, 2025Jul 24, 2025
$0.2500
$0.2500
Monthly0.00%
Feb 18, 2025
Jun 5, 2025Jun 24, 2025
$0.2500
$0.2500
Quarterly0.00%
Feb 18, 2025
May 6, 2025May 22, 2025
$0.2500
$0.2500
Quarterly0.00%
Feb 18, 2025
Apr 8, 2025Apr 24, 2025
$0.2500
$0.2500
Quarterly-66.22%
Feb 18, 2025
Mar 6, 2025Mar 25, 2025
$0.7400
$0.7400
Quarterly-32.11%
Nov 7, 2024
Dec 4, 2024Dec 19, 2024
$1.0900
$1.0900
Quarterly+47.30%
Aug 22, 2024
Sep 11, 2024Sep 26, 2024
$0.7400
$0.7400
Quarterly0.00%
May 23, 2024
Jun 13, 2024Jun 27, 2024
$0.7400
$0.7400
Quarterly+1.37%
Feb 15, 2024
Mar 13, 2024Mar 28, 2024
$0.7300
$0.7300
Quarterly+1.39%
Nov 15, 2023
Dec 11, 2023Dec 28, 2023
$0.7200
$0.7200
Quarterly+1.41%
Aug 14, 2023
Sep 14, 2023Sep 28, 2023
$0.7100
$0.7100
Quarterly+1.43%
May 22, 2023
Jun 13, 2023Jun 29, 2023
$0.7000
$0.7000
Quarterly+1.45%
Feb 28, 2023
Mar 16, 2023Mar 30, 2023
$0.6900
$0.6900
Quarterly+1.47%
Nov 15, 2022
Dec 15, 2022Jan 4, 2023
$0.6800
$0.6800
Quarterly+25.93%
Aug 29, 2022
Sep 14, 2022Sep 29, 2022
$0.5400
$0.5400
Quarterly+1.89%
May 26, 2022
Jun 14, 2022Jun 29, 2022
$0.5300
$0.5300
Quarterly0.00%
Feb 24, 2022
Mar 14, 2022Mar 28, 2022
$0.5300
$0.5300
Quarterly0.00%
Jan 5, 2022
Jan 4, 2022Jan 19, 2022
$0.5300
$0.5300
Quarterly+1.92%
Aug 26, 2021
Sep 14, 2021Sep 28, 2021
$0.5200
$0.5200
Quarterly+18.18%
May 27, 2021
Jun 15, 2021Jun 29, 2021
$0.4400
$0.4400
Quarterly+2.33%
Mar 22, 2021
Apr 8, 2021Apr 22, 2021
$0.4300
$0.4300
Quarterly+2.38%
Jan 5, 2021
Jan 26, 2021Feb 10, 2021
$0.4200
$0.4200
Quarterly+2.44%
Oct 7, 2020
Oct 26, 2020Nov 10, 2020
$0.4100
$0.4100
Quarterly+2.50%
Jul 7, 2020
Jul 27, 2020Aug 12, 2020
$0.4000
$0.4000
Quarterly-28.57%
Jan 8, 2020
Jan 24, 2020Feb 6, 2020
$0.5600
$0.5600
Quarterly0.00%
Aug 27, 2019
Sep 13, 2019Sep 26, 2019
$0.5600
$0.5600
Quarterly+1.82%
May 28, 2019
Jun 13, 2019Jun 27, 2019
$0.5500
$0.5500
Quarterly+1.85%
Feb 26, 2019
Mar 14, 2019Mar 28, 2019
$0.5400
$0.5400
Quarterly+1.89%
Nov 27, 2018
Dec 17, 2018Jan 2, 2019
$0.5300
$0.5300
Quarterly+1.92%
Aug 28, 2018
Sep 17, 2018Sep 27, 2018
$0.5200
$0.5200
Quarterly+1.96%
May 30, 2018
Jun 15, 2018Jun 27, 2018
$0.5100
$0.5100
Quarterly+2.00%
Feb 26, 2018
Mar 14, 2018Mar 26, 2018
$0.5000
$0.5000
Quarterly+2.04%
Nov 29, 2017
Dec 15, 2017Dec 27, 2017
$0.4900
$0.4900
Quarterly+2.08%
Aug 25, 2017
Sep 15, 2017Sep 26, 2017
$0.4800
$0.4800
Quarterly+2.13%
May 30, 2017
Jun 15, 2017Jun 27, 2017
$0.4700
$0.4700
Quarterly+2.17%
Feb 28, 2017
Mar 15, 2017Mar 28, 2017
$0.4600
$0.4600
Quarterly+2.22%
Jan 12, 2017
Jan 31, 2017Feb 9, 2017
$0.4500
$0.4500
Quarterly+2.27%
Oct 12, 2016
Oct 31, 2016Nov 9, 2016
$0.4400
$0.4400
Quarterly+120.00%
Aug 8, 2016
Aug 24, 2016Sep 5, 2016
$0.2000
$0.2000
Quarterly-
sar

Saratoga Investment Corp. Payout Ratio Analysis

SAR ยท NYSE
Dividends Paid
-52.36M
2026
Net Income
36.60M
2026
Payout Ratio
143.03%
2026

Dividend Sustainability Analysis

Payout Ratio
143.03%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
-59.5%

Negative free cash flow while paying dividends is a major red flag. Company burning cash and cannot sustain dividend without external financing.

Dividend Growth
-28.5%

Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.

Key Insight

Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.