Saratoga Investment Corp.

NYSE:SAR Stock Report

Market Cap: US$354.5m

Saratoga Investment Dividends and Buybacks

Dividend criteria checks 4/6

Saratoga Investment is a dividend paying company with a current yield of 11.5%. Next payment date is on 19th December, 2024 with an ex-dividend date of 4th December, 2024.

Key information

11.5%

Dividend yield

-6.9%

Buyback Yield

Total Shareholder Yield4.6%
Future Dividend Yield11.5%
Dividend Growth-0.07%
Next dividend pay date19 Dec 24
Ex dividend date04 Dec 24
Dividend per shareUS$2.960
Payout ratio187%

Recent dividend and buyback updates

Recent updates

Saratoga Investment: 12% Yield That Is Not Worth The Risk

Oct 18

Saratoga Investment Corp: 12% Yield, 13% Discount

Sep 20

Saratoga Investment: The Leverage Remains A Concern

Jul 17

Saratoga Investment Corp: The Good, The Bad, The Ugly

Jul 05

Saratoga Investment Corp: Solid BDC But Lacks NAV Growth

May 16

Saratoga Investment Corp: Collect A 12.4% Yield With This BDC, But Proceed With Caution

Apr 20

Saratoga Investment Corp: The Leverage Is Too Excessive For Going Long

Mar 28

Saratoga Investment (Down Big): 40+ Big-Yield BDCs Compared

Jan 31

Saratoga Investment Corp: 12% Yield, 16% Discount, Buy Rating

Jan 21

Saratoga Investment: Big Yield At Significant Discount

Dec 26

Saratoga Investment Corp: 12% Yield, Strong Growth, Undervalued, Buy Rating

Oct 13

Saratoga Investment: 11% Yield And Dividend Hiked But Leverage Elevated

Sep 29

Saratoga Investment: A +10% Yield And Discount To NAV

Aug 02

Saratoga Investment Corp: Solid Buy With Quality Capital Structure

Jul 02

Saratoga Investment (NYSE:SAR) Is Increasing Its Dividend To $0.70

Jun 01
Saratoga Investment (NYSE:SAR) Is Increasing Its Dividend To $0.70

Saratoga Investment (NYSE:SAR) Will Pay A Larger Dividend Than Last Year At $0.69

Mar 03
Saratoga Investment (NYSE:SAR) Will Pay A Larger Dividend Than Last Year At $0.69

Saratoga Investment: Lock In A 10% Yield At A Discount

Jan 09

Near-Shutdown Of Preferred Stock IPO Market, October 2022

Nov 04

Saratoga Investment announces notes offering and rating of BBB+

Oct 19

Saratoga Investment prices $400M CLO

Oct 03

Saratoga Investment's (NYSE:SAR) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 01
Saratoga Investment's (NYSE:SAR) Shareholders Will Receive A Bigger Dividend Than Last Year

Saratoga Investment raises dividend by 2% to $0.54

Aug 29

NAV Discounted Saratoga Investments Has AUM Growth Risk

Aug 23

Saratoga Investment Q1 2023 Earnings Preview

Jul 05

Saratoga Investment: Rip Through Inflation With This 9% Yield

Jun 20

Saratoga: The Time Has Come, Execute Buy Order

Apr 05

Saratoga: Well Diversified BDC But Has An Overstretched Payout Ratio

Dec 12

Saratoga: 7.1% Yield, 5 Straight Dividend Bumps

Sep 04

Saratoga Investment adds to Bullish rating as Oppenheimer initiates coverage

Jun 16

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: SAR's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAR's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Saratoga Investment Dividend Yield vs Market
How does SAR dividend yield compare to the market?
SegmentDividend Yield
Company (SAR)11.5%
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.2%
Industry Average (Capital Markets)1.8%
Analyst forecast (SAR) (up to 3 years)11.5%

Notable Dividend: SAR's dividend (11.5%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: SAR's dividend (11.5%) is in the top 25% of dividend payers in the US market (4.19%)


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (187%), SAR's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (48.6%), SAR's dividend payments are well covered by cash flows.


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