Saratoga Investment Corp. Declares Dividends for the Second Quarter Fiscal 2026 of $0.75 Per Share, In the Aggregate – Paid in a Monthly Dividend of $0.25 Per Share

Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.75 per share in aggregate for the second quarter of fiscal 2026, declaring the following three monthly dividends for the quarter ended August 31, 2025:
Month Amount per Share Record Date Payment Date June 2025 $0.25 July 8, 2025 July 24, 2025 July 2025 $0.25 August 6, 2025 August 21, 2025 August 2025 $0.25 September 4, 2025 September 24, 2025
“Continuing our strong dividend distribution history and recent monthly payment frequency, our board of directors approved an aggregated dividend for the second quarter of fiscal 2026 of $0.75 per share, paid in monthly dividends of $0.25 per share per month. Annualizing this dividend rate implies a 12.5% dividend yield based on Saratoga’s recent stock price of $24.08 per share on June 10, 2025. Our board of directors is pleased to continue delivering attractive returns to our shareholders via solid and consistent dividends,’ said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. These are the second dividends declared for fiscal year 2026. Historical Dividend Distributions Period (Fiscal Year ends Feb) Base Dividend Per ShareSpecial Dividend Per Shar eTotal Dividend Per Share Fiscal Q2 2026 (August 2025)$0.25-$0.25 Fiscal Q2 2026 (July 2025)$0.25-$0.25 Fiscal Q2 2026 (June 2025)$0.25-$0.25 Fiscal Q1 2026 (May 2025)$0.25-$0.25 Fiscal Q1 2026 (April 2025)$0.25-$0.25 Fiscal Q1 2026 (March 2025)$0.25-$0.25 Total Year Fiscal 2026$1.50-$1.50 Fiscal Q4 2025$0.74-$0.74Fiscal Q3 2025 $0.74 $0.35 $1.09 Fiscal Q2 2025 $0.74-$0.74 Fiscal Q1 2025 $0.74-$0.74 Full Year Fiscal 2025 $2.96 $0.35 $3.31 Fiscal Q4 2024 $0.73-$0.73 Fiscal Q3 2024 $0.72-$0.72 Fiscal Q2 2024 $0.71-$0.71 Fiscal Q1 2023 $0.70-$0.70 Full Year Fiscal 2024$2.86-$2.86 Fiscal Q4 2023 $0.69-$0.69 Fiscal Q3 2023 $0.68-$0.68 Fiscal Q2 2023 $0.54-$0.54 Fiscal Q1 2023 $0.53-$0.53 Full Year Fiscal 2023 $2.44-$2.44
Shareholders will have the option to receive payment of the dividend in cash or receive shares of common stock pursuant to the Company’s dividend reinvestment plan (“DRIP”). Saratoga Investment shareholders who hold their shares with a broker must affirmatively instruct their brokers prior to the record date if they prefer to receive this dividend, and future dividends, in common stock. The number of shares of common stock to be delivered shall be determined by dividing the total dollar amount by 95% of the average of the market prices per share at the close of trading on the ten (10) trading days immediately preceding (and including) the payment date.... Read more

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