Trailing Dividend / Share
$3303.17
Saratoga Investment Corp 8.125% (SAY) Dividend History
Income profile from 2023 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
100.0%
Payout Ratio
N/A
Unknown
Dividend Streak
5 years
SAY Dividend Income Check
Safety
Payout ratio data not available yet.
Consistency
5 straight years of dividend increases.
Income Trend
Yield on cost is 8.2% and trend is unknown.
SAY Dividend Scorecard
Yield & Income
Dividend Yield100.0%
Trailing DPS$3303.17
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings PayoutN/A
Earnings SafetyUnknown
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score1/9
Growth
Growth Streak5 years
3Y CAGR11.0%
5Y CAGR4.0%
Yield on Cost (5Y)8.2%
YOC Trendunknown
Total Returns
Buyback Yield13.1%
Total Shareholder Yield100.0%
1Y Total Return8.3%
5Y Total Return29.6%
Div Contribution (5Y)26.4%
Estimated $10K growth (return + dividends):
5Y ago$12,96310Y ago$12,96320Y ago$12,963
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.
SAY Income Growth Story
Dividend per share and yield on cost over time (4 years of payments)
SAY Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Saratoga Investment Corp 8.125% has limited earnings payout data (Unknown).
Piotroski F-Score: 1/9 — weak financial health.
Growth Track Record
SAY has raised its dividend for 5 consecutive years, with a 3-year CAGR of 11.0% and 5-year CAGR of 4.0%.
Total Shareholder Returns
Beyond cash dividends, SAY returns capital through share repurchases. The combined picture: 100.0% dividend yield, 13.1% buyback yield, 100.0% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.2% and is currently unknown. The 5-year total return is 29.6%, with dividends contributing 26.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,963 today.
SAY Recent Dividend Payments
Last 14 payments · Semi-Annual
TTM Total$7.04
Avg/Payment$0.5030
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 15, 2026Latest | $0.5078 | — | 7.99% | Jun 1, 2026 |
| Feb 13, 2026 | $0.5078 | — | 8.08% | Mar 2, 2026 |
| Nov 14, 2025 | $0.5078 | — | 8.03% | Dec 1, 2025 |
| Aug 15, 2025 | $0.5078 | — | 8.03% | Sep 2, 2025 |
| May 15, 2025 | $0.5078 | — | 8.07% | Jun 2, 2025 |
| Feb 14, 2025 | $0.5078 | — | 8.05% | Feb 28, 2025 |
| Nov 15, 2024 | $0.5078 | — | 8.10% | Dec 2, 2024 |
| Aug 15, 2024 | $0.5078 | — | 8.10% | Sep 3, 2024 |
SAY Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
100.0%
#1 of 9
Safety
Unknown
— payout
Streak
5Y
4.0% 5Y CAGR
Total Shareholder
100.0%
#1 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st SAYSaratoga Investment … | $416M | 100.0% | — | 5 | Unknown |
2nd  SARSaratoga Investment … | $363M | 100.0% | — | 5 | Unknown |
 GBDCGolub Capital BDC, I… | $3.4B | 10.5% | 97.9% | 0 | At Risk |
 ARCCAres Capital Corpora… | $13.6B | 2.0% | — | 0 | Unknown |
 FSCOFS Credit Opportunit… | $1.0B | 13.9% | 75.3% | 3 | Watch |
3rd  TPVGTriplePoint Venture … | $243M | 17.1% | 83.9% | 0 | Watch |
 PFLTPennantPark Floating… | $888M | 13.5% | 1.7% | 3 | Sustainable |
 OBDCBlue Owl Capital Cor… | $5.7B | 13.0% | 1.2% | 0 | Sustainable |
 HTGCHercules Capital, In… | $3.1B | 8.6% | 81.3% | 0 | Watch |
SAY Annual Dividend History (2007–2026)
20 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.02 | — | 2 | $2.31 | 44.0% | 2.27x | 4.1% |
| 2025 | $2.03 | -0.0% | 4 | $2.02 | 100.6% | 0.99x | 8.2% |
| 2024 | $2.03 | 3.4% | 4 | $0.71 | 286.1% | 0.35x | 8.2% |
| 2023 | $1.96 | — | 4 | $2.06 | 95.3% | 1.05x | 7.9% |
| 2022 | $0.00 | — | 0 | $3.99 | — | — | — |
| 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 SAY's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonSAY — Frequently Asked Questions
Quick answers to the most common questions about buying SAY stock.
How much dividend does SAY pay per share?
Saratoga Investment Corp 8.125% (SAY) pays a trailing 12-month dividend of $3303.17 per share, with a current dividend yield of +100.0%. Payments are made Semi-Annual.
When is SAY's next ex-dividend date?
SAY's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SAY typically pays dividends Semi-Annual.
Is SAY's dividend safe?
SAY's dividend safety is rated "Unknown" based on an earnings payout ratio of N/A and FCF payout ratio of N/A. The 5-year growth streak provides moderate confidence.
Is SAY a Dividend Payer?
Yes, Saratoga Investment Corp 8.125% is classified as a Dividend Payer with 5 consecutive years of dividend increases. The 5-year dividend CAGR is +4.0%, demonstrating modest dividend growth.
How often does SAY pay dividends?
Saratoga Investment Corp 8.125% pays dividends Semi-Annual. The trailing 12-month total is $3303.17 per share. Dividend data on this page covers 3+ years from 2023 to 2026.
How much would $10,000 invested in SAY grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SAY five years ago would be worth approximately $12,963 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SAY's yield on cost for long-term holders?
SAY's yield on cost — the current dividend divided by the original purchase price — is +8.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +100.0% market yield, thanks to consistent dividend growth.