SAR BDC — Saratoga Investment Corp.

Saratoga Investment Corp. (SAR)

SAR is a BDC. As of September 3, 2026, its distribution rate is 16.58%, its trailing-12-month yield is 18.29%. Dividend Vision Distribution Safety Score™ is 67/100 (Generally safe). Total return is 32.0% over the past 19.4 years, 638.8 points behind SPY at 670.8%.

At the current 16.58% distribution rate, a $10,000 investment would generate approximately $1,658 per year, or $138.17 per month on an equivalent basis.

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 versus SPY

Data as of September 3, 2026.

Total return is 32.0% over the past 19.4 years, 638.8 points behind SPY at 670.8%. Its deepest 1-year drawdown was 24.5%.

SAR key facts

Data as of September 3, 2026.

Distribution Safety Score™

67 · Generally safe

Safety-Adjusted Yield

11.11%

Issuer

Saratoga Investment

Asset type

BDC

Asset class

Equity

Inception date

03/27/2007

Distribution rate

16.58%

Distribution frequency

Monthly

Trailing yield

18.29%

5-year average yield

10.55

Last close

$17.77

Market cap

$285,757,877

Average volume

260799.0

Next dividend

$0.25

Next ex-dividend date

09/03/2026

Next payment date

09/23/2026

Beta

0.594

Payout ratio

0.4566

P/E ratio

18.13

Forward P/E

12.2699

EPS

$0.98

How Dividend Vision calculates yield and returns

Distribution rate (16.58%) 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 (18.29%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

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

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 24.5%.

Who may consider SAR — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Saratoga Investment.