SAR BDC — Saratoga Investment Corp.

Saratoga Investment Corp. (SAR)

Updated October 9, 2026.

SAR is a BDC. its distribution rate is 19.96%, its trailing-12-month yield is 19.96%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Its deepest 1-year drawdown was 32.8%.

At the current 19.96% distribution rate, a $10,000 investment would generate approximately $1,996 per year, or $166.33 per month.

Saratoga Investment Corp. is a business development company that provides debt and equity financing to lower middle-market companies, typically investing between $60 million and $75 million per transaction through first and second lien loans, mezzanine debt, and equity stakes across diversified sectors including aerospace, healthcare, software, and manufacturing. The company currently distributes a high monthly dividend and carries no external expense ratio as a BDC. The security appeals to income-focused investors seeking monthly cash distributions from a diversified portfolio of middle-market lending and equity investments.

SAR performance

Its deepest 1-year drawdown was 32.8%.

SAR key facts

Distribution Safety Score™

62 · Generally safe

Safety-Adjusted Yield

12.38%

Issuer

Saratoga Investment

Asset type

BDC

Asset class

Equity

Inception date

03/27/2007

Distribution rate

19.96%

Distribution frequency

Monthly

Trailing yield

19.96%

5-year average yield

10.56

Last close

$15.03 (as of 2026-10-09)

Market cap

$233,861,359

Average volume

194041.0

Dividend

$0.25

Ex-dividend date

10/06/2026

Payment date

10/22/2026 (as of 2026-11-24)

Beta

0.62

Payout ratio

48.3%

P/E ratio

16.2065

Forward P/E

11.6822

EPS

$-0.28

How Dividend Vision calculates yield and returns

Distribution rate (19.96%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (19.96%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Saratoga Investment; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SAR risks and drawbacks

The deepest 1-year drawdown on record here is 32.8%.

Frequently asked questions

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