Trailing Dividend / Share
$2.93
Saratoga Investment Corp 6.00% (SAT) Dividend History
Income profile from 2022 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
11.7%
Payout Ratio
1.5%
Sustainable
Dividend Streak
4 years
SAT Dividend Income Check
Safety
1.5% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 6.1% and trend is unknown.
SAT Dividend Scorecard
Yield & Income
Dividend Yield11.7%
Trailing DPS$2.93
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout1.5%
Earnings SafetySustainable
FCF Payout177.8%
FCF SafetyStretched
Piotroski F-Score8/9
Growth
Growth Streak4 years
3Y CAGR18.9%
5Y CAGR9.9%
Yield on Cost (5Y)6.1%
YOC Trendunknown
Total Returns
Buyback Yield0.0%
Total Shareholder Yield11.7%
1Y Total Return8.1%
5Y Total Return25.3%
Div Contribution (5Y)23.4%
Estimated $10K growth (return + dividends):
5Y ago$12,52610Y ago$12,52620Y ago$12,526
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
SAT Income Growth Story
Dividend per share and yield on cost over time (5 years of payments)
SAT Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Saratoga Investment Corp 6.00% distributes 1.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 177.8%, rated "Stretched".
Piotroski F-Score: 8/9 — strong financial health.
Growth Track Record
SAT has raised its dividend for 4 consecutive years, with a 3-year CAGR of 18.9% and 5-year CAGR of 9.9%.
Total Shareholder Returns
Beyond cash dividends, SAT returns capital through share repurchases. The combined picture: 11.7% dividend yield, 11.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.1% and is currently unknown. The 5-year total return is 25.3%, with dividends contributing 23.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,526 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
SAT Recent Dividend Payments
Last 15 payments · Annual
TTM Total$5.78
Avg/Payment$0.3853
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 13, 2026Latest | $0.3750 | — | 6.07% | Mar 2, 2026 |
| Nov 14, 2025 | $0.3750 | — | 6.06% | Dec 1, 2025 |
| Aug 15, 2025 | $0.3750 | — | 6.05% | Sep 2, 2025 |
| May 15, 2025 | $0.3750 | — | 6.11% | Jun 2, 2025 |
| Feb 14, 2025 | $0.3750 | — | 12.19% | Feb 28, 2025 |
| Nov 15, 2024 | $0.3750 | — | 6.17% | Dec 2, 2024 |
| Aug 15, 2024 | $0.3750 | ↓ -3.2% | 12.87% | Sep 3, 2024 |
| May 14, 2024 | $0.3875 | ↑ +3.3% | 6.26% | May 31, 2024 |
SAT Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
11.7%
#6 of 9
Safety
Sustainable
1.5% payout
Streak
4Y
9.9% 5Y CAGR
Total Shareholder
11.7%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SATSaratoga Investment … | $349M | 11.7% | 1.5% | 4 | Sustainable |
1st  SARSaratoga Investment … | $365M | 100.0% | — | 5 | Unknown |
 GBDCGolub Capital BDC, I… | $3.5B | 10.4% | 97.9% | 0 | At Risk |
 ARCCAres Capital Corpora… | $13.8B | 2.0% | — | 0 | Unknown |
3rd  FSCOFS Credit Opportunit… | $1.0B | 13.7% | 75.3% | 3 | Watch |
2nd  TPVGTriplePoint Venture … | $226M | 18.4% | 83.9% | 0 | Watch |
 PFLTPennantPark Floating… | $914M | 13.1% | 1.7% | 3 | Sustainable |
 SLRCSLR Investment Corp. | $761M | 11.8% | 96.7% | 0 | At Risk |
 CGBDCarlyle Secured Lend… | $866M | 0.2% | 1.4% | 0 | Sustainable |
SAT Annual Dividend History (2007–2026)
20 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.38 | — | 1 | — | — | — | 1.5% |
| 2025 | $1.50 | -0.8% | 4 | $2.02 | 74.3% | 1.35x | 6.1% |
| 2024 | $1.51 | 0.8% | 4 | $0.71 | 213.0% | 0.47x | 6.1% |
| 2023 | $1.50 | 68.2% | 4 | $2.06 | 72.8% | 1.37x | 6.1% |
| 2022 | $0.89 | — | 2 | $3.99 | 22.3% | 4.47x | 3.6% |
| 2021 | $0.00 | — | 0 | $1.32 | — | — | — |
| 2020 | $0.00 | — | 0 | $5.98 | — | — | — |
| 2019 | $0.00 | — | 0 | $2.63 | — | — | — |
| 2018 | $0.00 | — | 0 | $2.93 | — | — | — |
| 2017 | $0.00 | — | 0 | $1.98 | — | — | — |
See SAT's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonSAT — Frequently Asked Questions
Quick answers to the most common questions about buying SAT stock.
How much dividend does SAT pay per share?
Saratoga Investment Corp 6.00% (SAT) pays a trailing 12-month dividend of $2.93 per share, with a current dividend yield of +11.7%. Payments are made Annual.
When is SAT's next ex-dividend date?
SAT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SAT typically pays dividends Annual.
Is SAT's dividend safe?
SAT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.5% and FCF payout ratio of +177.8%. The 4-year growth streak provides moderate confidence.
Is SAT a Dividend Payer?
Yes, Saratoga Investment Corp 6.00% is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +9.9%, demonstrating above-inflation dividend growth.
How often does SAT pay dividends?
Saratoga Investment Corp 6.00% pays dividends Annual. The trailing 12-month total is $2.93 per share. Dividend data on this page covers 4+ years from 2022 to 2026.
How much would $10,000 invested in SAT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SAT five years ago would be worth approximately $12,526 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SAT's yield on cost for long-term holders?
SAT's yield on cost — the current dividend divided by the original purchase price — is +6.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +11.7% market yield, thanks to consistent dividend growth.