SmarterDividends
SAZ

Saratoga Investment Corp 8.50%

SAZ

Stock · quarterly payer

$25.37

Fairly valued · +10% Add to Portfolio

Forward Yield

8.37%

Annual Dividend

$2.12

Payout Ratio

—

5-Yr Growth

—

Ex-Date

—

Frequency

Quarterly

Key facts about SAZ's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Saratoga Investment Corp 8.50% (SAZ) has a forward dividend yield of 8.37%, based on an annual dividend of $2.12 per share and a share price of $25.37.
  • As of Oct 18, 2026, SAZ's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • SAZ has never cut its regular dividend in the payment history SmarterDividends has on record.
  • SAZ's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.53 per share.
  • As of Oct 18, 2026, SAZ's 8.37% yield is 14% above its five-year average yield of 7.35%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SAZ is $27.80 per share, 10% above the $25.37 share price, so SAZ screens as fairly valued.
  • Saratoga Investment Corp 8.50% (SAZ) pays its dividend quarterly, 4 times a year.
  • Saratoga Investment Corp 8.50% (SAZ) has raised its regular dividend 1 time and cut it 0 times across the 14 payments on record since 2023. Its most recent change was a 91.7% increase to $0.531 per share, going ex-dividend on Aug 14, 2023.
Cite this page

SmarterDividends, "SAZ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SAZ

Summary

As of Oct 18, 2026, Saratoga Investment Corp 8.50% (SAZ) yields 8.37% ($2.12 a year per share) and has a dividend safety grade of C (65/100).

Is SAZ a good dividend stock?

Yes, with caveats

Saratoga Investment Corp 8.50% (SAZ) pays a quarterly dividend yielding 8.37% ($2.12/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Very high yield can signal elevated risk

Key Data

Dividend Yield
8.37%
Payout Ratio
—
Annual Dividend
$2.12
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
$24.96 – $25.95
Dividend Safety
C · 65/100
Ever Cut?
No

SAZ dividend raises and cuts

Saratoga Investment Corp 8.50% (SAZ) has raised its regular dividend 1 time and cut it 0 times across the 14 payments on record since 2023. Its most recent change was a 91.7% increase to $0.531 per share, going ex-dividend on Aug 14, 2023.

Ex-dateChangeOld → newMove
Aug 14, 2023Raise$0.277 → $0.531+91.7%
Every SAZ payment →Download every raise and cut (CSV)
SAZ ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →SAZ dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SAZ a good dividend stock?

Yes, with caveats. Saratoga Investment Corp 8.50% (SAZ) pays a quarterly dividend yielding 8.37% ($2.12/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is SAZ undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SAZ's fair value is about $27.80 versus a $25.37 share price — so it looks fairly valued (+10% vs. fair value).

Is SAZ's dividend safe?

SAZ has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is SAZ's fair value?

Our blended fair-value estimate for SAZ is about $27.80 per share, roughly 10% above the current $25.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SAZ a buy, hold, or sell?

We don't issue formal ratings, but on the data SAZ screens as "yes, with caveats" and fairly valued. Saratoga Investment Corp 8.50% (SAZ) pays a quarterly dividend yielding 8.37% ($2.12/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will SAZ cut its dividend?

SAZ earns a dividend-safety grade of C (65/100), 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 SAZ pay a dividend?

Yes. Saratoga Investment Corp 8.50% pays a quarterly dividend of about $2.12 per share annually, a forward yield of roughly 8.37%.

What is SAZ's dividend yield?

As of Oct 18, 2026, SAZ's forward dividend yield is 8.37%, based on a $2.12 annual dividend and a $25.37 share price.

What is SAZ's dividend per share?

As of Oct 18, 2026, SAZ pays $2.12 per share per year, distributed on a quarterly basis.

How many years has SAZ grown its dividend?

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

When is the next SAZ ex-dividend date?

As of Oct 18, 2026, SAZ's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.53 per share.

Income Calculator

At $2.12 / yr per share

Per payment (quarterly)$53.10
Annual$212.40
Monthly avg$17.70

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