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SAY Dividend

Saratoga Investment Corp.

NYSEFinancial ServicesStockData as of
Dividend yield
7.97%
Annual dividend
$2.03
Payout ratio
2.77
Frequency
Quarterly
Share price
$25.50
Market cap
$319M

Next payment

Ex-dividend date: Pay date: Amount: $0.5078

You must own the shares before the ex-dividend date to receive this payment.

Is SAY a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is above the market median7.97% against a median of 2.78% across US dividend payers.
  • Paying out more than it earnsA payout ratio of 2.77 means the dividend exceeds reported earnings. That can be sustained for a while from cash reserves or borrowing, but not indefinitely.
  • Dividend has been cut onceAcross 3 complete years, the annual total fell in 2025. The most recent reduction was in 2025.

SAY dividend history

Annual dividend per share, 2023 to 2025.

202320242025
Peak $2.03 in 2023Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 15 dividend payments for SAY, most recent first.
Ex-dividend datePay dateAmountType
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.5078Quarterly
$0.4401Quarterly

How much would SAY pay you?

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Calculate SAY dividend income →

SAY appears in

Frequently asked questions

Does SAY pay a dividend?
Yes. Saratoga Investment Corp. pays a quarterly dividend, currently yielding 7.97% based on trailing twelve-month payments of $2.03 per share.
How much does SAY pay in dividends?
$2.03 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next SAY ex-dividend date?
The next ex-dividend date on record is August 14, 2026, with payment on August 31, 2026. You must own the shares before the ex-dividend date to receive that payment.