Saratoga Investment Corp 8.00%
SAJStock · quarterly payer
Forward Yield
7.90%
Annual Dividend
$2.00
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Quarterly
Key facts about SAJ's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Saratoga Investment Corp 8.00% (SAJ) has a forward dividend yield of 7.90%, based on an annual dividend of $2.00 per share and a share price of $25.33.
- As of Oct 18, 2026, SAJ's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
- SAJ has never cut its regular dividend in the payment history SmarterDividends has on record.
- SAJ's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.50 per share.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SAJ is $26.17 per share, 3% above the $25.33 share price, so SAJ screens as fairly valued.
- Saratoga Investment Corp 8.00% (SAJ) pays its dividend quarterly, 4 times a year.
- Saratoga Investment Corp 8.00% (SAJ) has raised its regular dividend 0 times and cut it 0 times across the 15 payments on record since 2023. The regular dividend has not changed in that time.
Cite this page
SmarterDividends, "SAJ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SAJ
Summary
As of Oct 18, 2026, Saratoga Investment Corp 8.00% (SAJ) yields 7.90% ($2.00 a year per share) and has a dividend safety grade of B (68/100).
Is SAJ a good dividend stock?
Yes, with caveatsSaratoga Investment Corp 8.00% (SAJ) pays a quarterly dividend yielding 7.90% ($2.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 7.90%
- Payout Ratio
- —
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $24.95 – $27.92
- Dividend Safety
- B · 68/100
- Ever Cut?
- No
SAJ dividend raises and cuts
Saratoga Investment Corp 8.00% (SAJ) has raised its regular dividend 0 times and cut it 0 times across the 15 payments on record since 2023. The regular dividend has not changed in that time.
Frequently Asked Questions
Is SAJ a good dividend stock?
Yes, with caveats. Saratoga Investment Corp 8.00% (SAJ) pays a quarterly dividend yielding 7.90% ($2.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is SAJ undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SAJ's fair value is about $26.17 versus a $25.33 share price — so it looks fairly valued (+3% vs. fair value).
Is SAJ's dividend safe?
SAJ has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SAJ's fair value?
Our blended fair-value estimate for SAJ is about $26.17 per share, roughly 3% above the current $25.33 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SAJ a buy, hold, or sell?
We don't issue formal ratings, but on the data SAJ screens as "yes, with caveats" and fairly valued. Saratoga Investment Corp 8.00% (SAJ) pays a quarterly dividend yielding 7.90% ($2.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will SAJ cut its dividend?
SAJ earns a dividend-safety grade of B (68/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SAJ pay a dividend?
Yes. Saratoga Investment Corp 8.00% pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 7.90%.
What is SAJ's dividend yield?
As of Oct 18, 2026, SAJ's forward dividend yield is 7.90%, based on a $2.00 annual dividend and a $25.33 share price.
What is SAJ's dividend per share?
As of Oct 18, 2026, SAJ pays $2.00 per share per year, distributed on a quarterly basis.
How many years has SAJ grown its dividend?
SAJ does not currently have a long dividend-growth streak on record.
When is the next SAJ ex-dividend date?
As of Oct 18, 2026, SAJ's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.50 per share.
SAJ Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+0%
5 Years
—
52-Week Range
$24.95 – $27.92
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SAJ worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Saratoga Investment Corp 8.00% is $26.17 per share, versus a market price of $25.33. That implies the stock is roughly fairly priced.
Fair Value
$26.17
Current Price
$25.33
Gap
+3%
Margin of Safety
3%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SAJ Dividend Safety Score
Safe
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
Full SAJ dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Aug 31, 2026 | $0.5000 | regular |
| May 15, 2026 | Jun 1, 2026 | $0.5000 | regular |
| Feb 13, 2026 | Mar 2, 2026 | $0.5000 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $0.5000 | regular |
| Aug 15, 2025 | Sep 2, 2025 | $0.5000 | regular |
| May 15, 2025 | Jun 2, 2025 | $0.5000 | regular |
| Feb 14, 2025 | Feb 28, 2025 | $0.5000 | regular |
| Nov 15, 2024 | Dec 2, 2024 | $0.5000 | regular |
| Aug 15, 2024 | Sep 3, 2024 | $0.5000 | regular |
| May 14, 2024 | May 31, 2024 | $0.5000 | regular |
| Feb 14, 2024 | Feb 28, 2024 | $0.5000 | regular |
| Nov 14, 2023 | Nov 30, 2023 | $0.5000 | regular |
| Aug 14, 2023 | Aug 31, 2023 | $0.5000 | regular |
| May 12, 2023 | May 31, 2023 | $0.5000 | regular |
Income Calculator
At $2.00 / yr per share
Similar Dividend Stocks
Explore more
Lists and tools related to SAJ
- SAJ dividend calculator →
- SAJ DRIP calculator →
- SAJ: last day to buy for the dividend →
- Embed SAJ dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →