SmarterDividends
RWAY

Runway Growth Finance Corp.

RWAY

Financial Services · Asset Management · Stock · quarterly payer

$6.29

Undervalued · +238% Add to Portfolio

Forward Yield

20.99%

Annual Dividend

$1.32

Payout Ratio

563%

5-Yr Growth

—

Ex-Date

Aug 17, 2026

Frequency

Quarterly

Key facts about RWAY's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 22, 2026, Runway Growth Finance Corp. (RWAY) has a forward dividend yield of 20.99%, based on an annual dividend of $1.32 per share and a share price of $6.29.
  • As of Oct 22, 2026, RWAY's dividend safety grade from SmarterDividends is D (37 out of 100), which rates the dividend as unsafe.
  • RWAY last cut its regular dividend in 2025.
  • RWAY's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.33 per share.
  • As of Oct 22, 2026, RWAY's 20.99% yield is 90% above its five-year average yield of 11.07%.
  • As of Oct 22, 2026, SmarterDividends' blended fair-value estimate for RWAY is $21.25 per share, 238% above the $6.29 share price, so RWAY screens as undervalued.
  • Runway Growth Finance Corp. (RWAY) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "RWAY Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 22, 2026, https://smarterdividends.com/stocks/RWAY

Summary

As of Oct 22, 2026, Runway Growth Finance Corp. (RWAY) yields 20.99% ($1.32 a year per share) and has a dividend safety grade of D (37/100).

Is RWAY a good dividend stock?

Higher risk

Runway Growth Finance Corp. (RWAY) pays a quarterly dividend yielding 20.99% ($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
    20.99%
    Payout Ratio
    563%
    Annual Dividend
    $1.32
    5-Yr Avg Growth
    —
    Ex-Dividend Date
    Aug 17, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.63
    Market Cap
    $263.6M
    P/E Ratio
    26.2
    5-Yr Total Return
    -55%
    52-Week Range
    $5.19 – $10.20
    Dividend Safety
    D · 37/100
    Ever Cut?
    Yes (2025)

    RWAY dividend changes

    Runway Growth Finance Corp. (RWAY) pays a variable dividend: across the 20 payments on record since 2021, 8 were higher than the one before and 5 lower. The latest change was down 8.3% to $0.330 per share, going ex-dividend on Nov 17, 2025.

    Ex-dateChangeOld → newMove
    Nov 17, 2025Lower$0.360 → $0.330−8.3%
    Aug 18, 2025Higher$0.350 → $0.360+2.9%
    May 19, 2025Lower$0.360 → $0.350−2.8%
    Mar 31, 2025Lower$0.400 → $0.360−10.0%
    Nov 18, 2024Lower$0.450 → $0.400−11.1%
    Aug 12, 2024Lower$0.470 → $0.450−4.3%
    Feb 9, 2024Higher$0.460 → $0.470+2.2%
    Nov 10, 2023Higher$0.450 → $0.460+2.2%
    Mar 6, 2023Higher$0.360 → $0.450+25.0%
    Nov 7, 2022Higher$0.330 → $0.360+9.1%
    Aug 8, 2022Higher$0.300 → $0.330+10.0%
    May 9, 2022Higher$0.270 → $0.300+11.1%
    Every RWAY payment →Download every raise and cut (CSV)
    RWAY ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →RWAY dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is RWAY a good dividend stock?

    Higher risk. Runway Growth Finance Corp. (RWAY) pays a quarterly dividend yielding 20.99% ($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.

    Is RWAY undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RWAY's fair value is about $21.25 versus a $6.29 share price — so it looks undervalued (+238% vs. fair value).

    Is RWAY's dividend safe?

    RWAY has a dividend-safety grade of D (37/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is RWAY's fair value?

    Our blended fair-value estimate for RWAY is about $21.25 per share, roughly 238% above the current $6.29 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is RWAY a buy, hold, or sell?

    We don't issue formal ratings, but on the data RWAY screens as "higher risk" and undervalued. Runway Growth Finance Corp. (RWAY) pays a quarterly dividend yielding 20.99% ($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. This is research for your own analysis, not investment advice.

    Will RWAY cut its dividend?

    RWAY earns a dividend-safety grade of D (37/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does RWAY pay a dividend?

    Yes. Runway Growth Finance Corp. pays a quarterly dividend of about $1.32 per share annually, a forward yield of roughly 20.99%.

    What is RWAY's dividend yield?

    As of Oct 22, 2026, RWAY's forward dividend yield is 20.99%, based on a $1.32 annual dividend and a $6.29 share price.

    What is RWAY's dividend per share?

    As of Oct 22, 2026, RWAY pays $1.32 per share per year, distributed on a quarterly basis.

    What is RWAY's dividend payout ratio?

    As of Oct 22, 2026, RWAY's payout ratio is 563% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has RWAY grown its dividend?

    RWAY does not currently have a long dividend-growth streak on record.

    When is the next RWAY ex-dividend date?

    As of Oct 22, 2026, RWAY's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.33 per share.

    Income Calculator

    At $1.32 / yr per share

    Per payment (quarterly)$33.00
    Annual$132.00
    Monthly avg$11.00

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