1. Saratoga Investment declared a quarterly dividend of $0.75 per share. 2. Annualized dividend yield is 13.1% based on recent stock price. 3. This is the fourth group of dividends for fiscal 2026. 4. Dividends can be received in cash or stock via DRIP. 5. Saratoga focuses on financing middle-market businesses and offers solid returns.
FAQ
Why Bullish?
The unchanged dividend and high yield attract income-focused investors, potentially increasing demand.
How important is it?
The high yield and steady dividends suggest financial stability, encouraging both current and potential investors.
Why Short Term?
Dividend announcements generally lead to immediate investor interest and trading activity.
Saratoga Investment Corp. Declares Fourth Quarter Dividend for Fiscal 2026
On December 11, 2025, Saratoga Investment Corp. (NYSE: SAR) announced the declaration of a quarterly dividend of $0.75 per share for the fourth quarter of fiscal 2026. This dividend will be distributed in three monthly payments of $0.25 per share.
Dividend Payment Details
The dividend payments are scheduled as follows:
- December 2025: $0.25 per share, Record Date: January 6, 2026, Payment Date: January 22, 2026
- January 2026: $0.25 per share, Record Date: February 4, 2026, Payment Date: February 23, 2026
- February 2026: $0.25 per share, Record Date: March 3, 2026, Payment Date: March 19, 2026
Effective Yield and Historical Context
This base dividend declaration reflects a consistent strategy by Saratoga Investment to provide reliable returns to its shareholders. The annualized dividend yield, based on Saratoga’s stock price of $22.86 (as of December 9, 2025), is approximately 13.1%.
Christian L. Oberbeck, Chairman and CEO of Saratoga Investment, expressed, “Our board of directors is pleased to continue delivering attractive returns to our shareholders via solid and consistent dividends.” This marks the fourth set of dividends declared for fiscal year 2026, following a special dividend issued last month.
Historical Dividend Distributions
Here’s a summary of the dividends declared during the fiscal year 2026:
| Period | Base Dividend Per Share | Special Dividend Per Share | Total Dividend Per Share |
|---|---|---|---|
| Fiscal Q4 2026 | $0.25 | - | $0.25 |
| Fiscal Q3 2026 | $0.25 | $0.25 | $0.50 |
| Full Year Fiscal 2026 | $3.00 | $0.25 | $3.25 |
Dividend Reinvestment Options
Shareholders have the opportunity to receive the dividend in cash or opt for shares of common stock through the Company’s Dividend Reinvestment Plan (DRIP). Those holding shares with a broker must inform them before the record date if they prefer to receive shares rather than cash.
The share quantity will be determined by dividing the total dividend amount by 95% of the average market price over the ten trading days preceding the payment date.
About Saratoga Investment Corp.
Saratoga Investment Corp. is a specialty finance company focusing on providing customized financing solutions to U.S. middle-market businesses. The company primarily invests in senior and unitranche leveraged loans, mezzanine debt, and equity aimed at facilitating ownership changes, strategic acquisitions, and growth initiatives. Saratoga’s goal is to achieve attractive risk-adjusted returns while generating current income and long-term capital appreciation.
Registered as a business development company under the Investment Company Act of 1940, Saratoga Investment is managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor specializing in credit-driven strategies.
Forward Looking Statements
This press release contains historical information and forward-looking statements regarding Saratoga Investment Corp.'s future performance and financial condition. These statements involve risks and uncertainties that could lead to actual results differing significantly from any projected outcomes.
Investors are encouraged to review Saratoga Investment’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and associated Risk Factors for more comprehensive details about potential risks.