Runway Growth Finance Corp.
RWAYFinancial Services · Stock · quarterly payer
Forward Yield
19.91%
Annual Dividend
$1.32
Payout Ratio
563%
5-Yr Growth
—
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of August 2026, Runway Growth Finance Corp. (RWAY) yields 19.91% ($1.32 per share annually), with a blended fair-value estimate of $14.95 — +119% upside, so it screens as undervalued. Dividend safety grade: D (37/100).
Is RWAY a good dividend stock?
Higher riskRunway Growth Finance Corp. (RWAY) pays a quarterly dividend yielding 19.91% ($1.32/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (563%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 19.91%
- Payout Ratio
- 563%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $280.8M
- P/E Ratio
- 27.9
- 5-Yr Total Return
- -47%
- 52-Week Range
- $5.19 – $11.14
- Dividend Safety
- D · 37/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
RWAY Price — Last 12 Months
Daily close
Price Return
1 Year
-37%
3 Years
-48%
5 Years
-47%
52-Week Range
$5.19 – $11.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RWAY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Runway Growth Finance Corp. is $14.95 per share, versus a market price of $6.84. That implies 119% of upside — a margin of safety of about 54%.
Fair Value
$14.95
Current Price
$6.84
Upside
+119%
Margin of Safety
54%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.24 EPS, $1.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RWAY Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 18, 2026 | — | $0.3300 | regular |
| Mar 10, 2026 | — | $0.3300 | regular |
| Nov 17, 2025 | — | $0.3300 | regular |
| Aug 18, 2025 | — | $0.3600 | regular |
| May 19, 2025 | — | $0.3500 | regular |
| Mar 31, 2025 | — | $0.3600 | regular |
| Nov 18, 2024 | — | $0.4000 | regular |
| Aug 12, 2024 | — | $0.4500 | regular |
| May 9, 2024 | — | $0.4700 | regular |
| Feb 9, 2024 | — | $0.4700 | regular |
| Nov 10, 2023 | — | $0.4600 | regular |
| Aug 14, 2023 | — | $0.4500 | regular |
| May 12, 2023 | — | $0.4500 | regular |
| Mar 6, 2023 | — | $0.4500 | regular |
Income Calculator
At $1.32 / yr per share
