Saratoga Investment Corp. Announces Special Dividend of $0.25 Per Share Fulfilling Its Fiscal 2025 Distribution Requirements
Saratoga Investment (NYSE:SAR) declared a special cash dividend of $0.25 per share, payable December 18, 2025 to shareholders of record on December 2, 2025.
Combined with the regular $0.25 monthly dividend for the same payment date, shareholders of record on December 2 will receive a $0.50 total cash distribution on December 18, 2025. Management said the special dividend fulfills Fiscal Year 2025 spillover income distribution requirements and that new spillover began building on March 1, 2025.
Shareholders may take the special dividend in cash or elect common stock under the company DRIP; share issuance under DRIP is calculated by dividing the dollar amount by 95% of the 10-day average market price ending on the payment date.
Saratoga Investment (NYSE:SAR) ha dichiarato un dividendo speciale in contanti di 0,25 $ per azione, pagabile il 18 dicembre 2025 agli azionisti registrati al 2 dicembre 2025.
Con l'aggiunta del normale dividendo mensile di 0,25 $ per lo stesso date di pagamento, gli azionisti registrati al 2 dicembre riceveranno una distribuzione in contanti totale di 0,50 $ il 18 dicembre 2025. La direzione ha affermato che il dividendo speciale soddisfa i requisiti di distribuzione del reddito di spillover per l'anno fiscale 2025 e che il nuovo spillover ha iniziato a accumularsi dal 1 marzo 2025.
Gli azionisti possono ricevere il dividendo speciale in contanti o scegliere azioni ordinarie nell'ambito del DRIP della società; l'emissione di azioni nell'ambito DRIP è calcolata dividendo l'importo in dollari per il 95% del prezzo di mercato medio a 10 giorni che termina alla data di pagamento.
Saratoga Investment (NYSE:SAR) declaró un dividendo especial en efectivo de $0.25 por acción, pagadero el 18 de diciembre de 2025 a los accionistas registrados al 2 de diciembre de 2025.
Junto con el dividendo regular de $0.25 mensual para la misma fecha de pago, los accionistas registrados al 2 de diciembre recibirán una distribución total en efectivo de $0.50 el 18 de diciembre de 2025. La dirección dijo que el dividendo especial cumple con los requisitos de distribución de ingresos spillover para el año fiscal 2025 y que el nuevo spillover comenzó a acumularse el 1 de marzo de 2025.
Los accionistas pueden recibir el dividendo especial en efectivo o elegir acciones comunes bajo el DRIP de la empresa; la emisión de acciones bajo DRIP se calcula dividiendo la cantidad en dólares por el 95% del precio promedio de mercado de 10 días que termina en la fecha de pago.
Saratoga Investment (NYSE:SAR)은 주당 0.25달러의 특별 현금 배당을 발표했으며, 2025년 12월 18일에 2025년 12월 2일 기준으로 등재된 주주들에게 지급됩니다.
같은 지급일의 일반 월배당 0.25달러와 합산하면, 12월 2일 기준 주주들은 12월 18일에 합계 현금 분배액 0.50달러를 받게 됩니다. 경영진은 이 특별 배당이 2025 회계연도 spillover 소득 분배 요건을 충족하며 새로운 spillover가 2025년 3월 1일부터 축적되기 시작했다고 밝혔습니다.
주주들은 회사의 DRIP에 따라 특별 배당을 현금으로 받거나 보통주를 선택할 수 있습니다; DRIP 아래의 주식 발행은 지급일에 종료되는 10일 평균 시장가의 95%로 금액을 나누어 계산합니다.
Saratoga Investment (NYSE:SAR) a déclaré un dividende spécial en espèces de 0,25 $ par action, payable le 18 décembre 2025 aux actionnaires enregistrés au 2 décembre 2025.
Conjointement avec le dividende mensuel régulier de 0,25 $ pour la même date de paiement, les actionnaires enregistrés au 2 décembre recevront une distribution totale en espèces de 0,50 $ le 18 décembre 2025. La direction a déclaré que le dividende spécial remplit les exigences de distribution des revenus spillover pour l'exercice 2025 et qu'un nouveau spillover a commencé à se constituer le 1er mars 2025.
Les actionnaires peuvent recevoir le dividende spécial en espèces ou opter pour des actions ordinaires dans le cadre du DRIP de l'entreprise; l'émission d'actions dans le cadre du DRIP est calculée en divisant le montant en dollars par 95% du prix moyen du marché sur 10 jours se terminant à la date de paiement.
Saratoga Investment (NYSE:SAR) hat eine besondere Bardividende in bar von 0,25 $ pro Aktie angekündigt, zahlbar am 18. Dezember 2025 an Aktionäre, die am 2. Dezember 2025 im Register stehen.
Zusammen mit der regulären monatlichen Dividende von 0,25 $ für denselben Zahlungstermin erhalten die am 2. Dezember registrierten Aktionäre am 18. Dezember 2025 eine insgesamt 0,50 $ Barabfindung.
Die Geschäftsführung sagte, dass die Sonderdividende die Anforderungen an Spillover-Einzelverteilung für das Geschäftsjahr 2025 erfüllt und dass der neue Spillover am 1. März 2025 zu wachsen begann.
Aktionäre können die Sonderdividende in bar erhalten oder im DRIP des Unternehmens in Stammaktien umwandeln; die Ausgabe von Aktien im DRIP wird berechnet, indem der Dollarbetrag durch 95% des 10-Tage-Durchschnitts-Marktpreises geteilt wird, der am Zahlungstag endet.
استثمار Saratoga (NYSE:SAR) أعلن عن توزيعات نقدية خاصة قدرها 0.25 دولار للسهم ، قابلة للدفع في 18 ديسمبر 2025 للمساهمين المسجلين في 2 ديسمبر 2025.
وبالإضافة إلى توزيعه الشهري المعتاد 0.25 دولار لنفس تاريخ الدفع، سيحصل المساهمون المسجلون في 2 ديسمبر على إجمالي توزيع نقدي قدره 0.50 دولار في 18 ديسمبر 2025. وقالت الإدارة إن التوزيع الخاص يلبّي متطلبات توزيع دخل spillover للسنة المالية 2025 وأن spillover الجديد بدأ التراكم في 1 مارس 2025.
يمكن للمساهمين أخذ التوزيع الخاص نقداً أو اختيار أسهم عادية بموجب DRIP للشركة؛ حساب إصدار الأسهم بموجب DRIP يتم من خلال تقسيم المبلغ بالدولارات على 95% من سعر السوق المتوسط لمدة 10 أيام المنتهي في تاريخ الدفع.
- Special dividend of $0.25 per share declared
- Total distribution of $0.50 per share on Dec 18, 2025
- Fulfill FY2025 spillover income distribution requirement
- DRIP option with formula at 95% of 10-day average price
- Year-to-date Fiscal 2026 dividends: $2.50 per share
- Full Year Fiscal 2025 total dividend: $3.31 per share
- DRIP issuance at 95% may increase share count (dilution)
- Special payout reduces distributable capital available for reinvestment
Total Dividend Declarations in the Fiscal 2026 Third Quarter Amount to
NEW YORK, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a special cash distribution of
The special dividend will be paid on December 18, 2025, to shareholders of record as of December 2, 2025. These dates coincide with the previously announced
Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment, commented, “For the second year in a row, we are pleased to reward our shareholders with a year-end special dividend, which reflects both the strong level of spillover income generated in fiscal year 2025, and our commitment to returning capital efficiently. By aligning the special dividend with our regular monthly dividend, we are delivering enhanced value to our shareholders at calendar year-end, while also maintaining a cushion against potential adverse events, including the possible effects of further interest rate cuts. New spillover has started to build commencing March 1, 2025, generated from our quarterly earnings. We believe the diligent execution of our strategy, and the highly diversified nature and solid performance of our portfolio, has allowed us to continue delivering attractive returns to our shareholders via solid and consistent base dividends, further enhanced with these special distributions.”
Similarly to our regular dividend, shareholders will have the option to receive payment of the special 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
| Period (Fiscal Year ends Feb) | Base Dividend Per Share | Special Dividend Per Share | Total Dividend Per Share |
| Fiscal Q3 2026 (Nov. 2025) | |||
| Fiscal Q3 2026 (Oct. 2025) | - | ||
| Fiscal Q3 2026 (Sep. 2025) | - | ||
| Fiscal Q2 2026 (Aug. 2025) | - | ||
| Fiscal Q2 2026 (Jul. 2025) | - | ||
| Fiscal Q2 2026 (Jun. 2025) | - | ||
| Fiscal Q1 2026 (May 2025) | - | ||
| Fiscal Q1 2026 (Apr. 2025) | - | ||
| Fiscal Q1 2026 (Mar. 2025) | - | ||
| Year-to-Date Fiscal 2026 (including pending dividends) | |||
| Fiscal Q4 2025 | - | ||
| Fiscal Q3 2025 | |||
| Fiscal Q2 2025 | - | ||
| Fiscal Q1 2025 | - | ||
| Full Year Fiscal 2025 | |||
| Fiscal Q4 2024 | - | ||
| Fiscal Q3 2024 | - | ||
| Fiscal Q2 2024 | - | ||
| Fiscal Q1 2023 | - | ||
| Full Year Fiscal 2024 | - | ||
| Fiscal Q4 2023 | - | ||
| Fiscal Q3 2023 | - | ||
| Fiscal Q2 2023 | - | ||
| Fiscal Q1 2023 | - | ||
| Full Year Fiscal 2023 | - |
About Saratoga Investment
Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a
Forward Looking Statements
This press release contains historical information and forward-looking statements with respect to the business and investments of the Company, including, but not limited to, the statements about future events or our future performance or financial condition. Forward-looking statements can be identified by the use of forward looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to: changes in the markets in which we invest; changes in the financial, capital, and lending markets; an economic downturn or a recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of interest rate volatility on our business and our portfolio companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and the global economy; the impact of supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests, as well as those described from time to time in our filings with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which it is made. The Company undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call, whether as a result of new information, future developments or otherwise, except as required by law. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2025 and subsequent filings, including the “Risk Factors” sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements.
Contacts:
Saratoga Investment Corporation
535 Madison Avenue, 4th Floor
New York, NY 10022
Henri Steenkamp
Chief Financial Officer
Saratoga Investment Corp.
212-906-7800
Lena Cati
The Equity Group Inc.
212-836-9611 / lcati@equityny.com
Val Ferraro
The Equity Group Inc.
212-836-9633 / vferraro@equityny.com
FAQ
What is the Saratoga Investment (SAR) special dividend amount and payment date?
How much will SAR shareholders receive total on December 18, 2025?
Can SAR shareholders elect stock instead of cash for the December 2025 special dividend?
Does the special dividend affect Saratoga’s Fiscal Year 2025 distribution obligations?
What are Saratoga’s year-to-date and full-year dividend totals referenced with the special payout?
Do shareholders holding SAR through a broker need to take action to receive stock via DRIP?
