Saratoga Investment Corp.

SAJ

We are a specialty finance company that provides customized financing solutions to U.S middle-market businesses. Our investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from our investments.

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$395M

EPS-$0.27

P/E-94.09

P/FCF–

EV/EBITDA–

FCF Yield–

Div. Yield11.84%

Net Debt/FCF–

Saratoga Investment Corp. intrinsic value

52-Week Range

$25.00$26.10

Profitability & Returns

TTM as of 2026-08 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue

N/A

Net Income (TTM)

-$4M

▲ +30.3% YoY

Op. Margin

–

ROIC

–

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF

N/A

Op. Cash Flow (TTM)

-$155M

▼ -144.6% YoY

Net Debt

$822M

Cash & Equiv.

$80M

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

Intrinsic Value

What is it worth?

Financials

Full income, cash flow, balance sheet

Held by ETFs

SAJ is in 5 US ETFs. The largest of them, with SAJ's weight in each:

Saratoga Investment (SAJ) in two numbers

Dividend (TTM): $3.05; 11.84% yield, raised at least 5 years in a row.; Dividends
P/E: -94.09; Negative: a loss over the last twelve months.; Financials

Questions about Saratoga Investment

Does Saratoga Investment (SAJ) pay a dividend, and how much?

Yes. Saratoga Investment (SAJ) pays a dividend: $3.05 per share over the last twelve months, a dividend yield of 11.84% at the latest close. It has raised its dividend per share for at least 5 years in a row, growing at 26.8% a year over the last 5 years. The payout takes about 143.0% of earnings.

Source: 10-Q filed 5 Oct 2026 (period ending 31 Aug 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in SAJ's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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