Saratoga Investment (SAJ) Dividend Coverage Ratio (2021 - 2026)
Saratoga Investment's (SAJ) quarterly Dividend Coverage Ratio came in at 2.29 in Q2 2026, up 27.47% year-over-year from 1.8 in Q2 2025, and up 133.16% quarter-over-quarter from 6.91 in Q1 2026.
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Saratoga Investment (SAJ) Dividend Coverage Ratio (2021 - 2026) Analysis & Trends
Saratoga Investment has disclosed Dividend Coverage Ratio across 6 years of filings, most recently posting 2.29 for Q2 2026.
- In Q2 2026, Dividend Coverage Ratio rose 27.47% year-over-year to 2.29; the TTM figure through May 2026 stood at 0.38 (down 110.45% YoY), while the FY2026 annual figure was 0.24, down 106.43% from the prior year.
- Dividend Coverage Ratio came in at 2.29 for Q2 2026 at Saratoga Investment, up from 6.91 in the prior quarter.
- In the past five years, Dividend Coverage Ratio ranged from a high of 7.13 in Q1 2025 to a low of 6.91 in Q1 2026.
- Average Dividend Coverage Ratio over 5 years is 3.24, with a median of 4.09 recorded in 2022.
- Year-over-year, Dividend Coverage Ratio surged 2135.15% in 2024 and slumped 196.94% in 2026.
- Over 5 years, Dividend Coverage Ratio stood at 5.24 in 2022, then dropped by 14.5% to 4.48 in 2023, then rose by 17.35% to 5.26 in 2024, then tumbled by 47.64% to 2.75 in 2025, then retreated by 16.79% to 2.29 in 2026.
- Per Business Quant data, the three most recent Dividend Coverage Ratio figures were 2.29 in Q2 2026, 6.91 in Q1 2026, and 2.75 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 0.42 |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 0.43 |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 0.29 |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 1.89 |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 0.18 |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 0.69 |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | -0.06 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | -0.63 |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | 2.29 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 2.29 |
| Feb 28, 2026 | -6.91 |
| Nov 30, 2025 | 2.75 |
| Aug 31, 2025 | 2.60 |
| May 31, 2025 | 1.80 |
| Feb 28, 2025 | 7.13 |
| Aug 31, 2024 | 5.26 |
| May 31, 2024 | 4.47 |
| Feb 29, 2024 | 4.21 |
| Nov 30, 2023 | 4.48 |
| Aug 31, 2023 | 0.24 |
| May 31, 2023 | 5.45 |
| Feb 28, 2023 | 4.68 |
| Nov 30, 2022 | 5.24 |
| Aug 31, 2022 | 4.09 |
| May 31, 2022 | 3.72 |
| Feb 28, 2022 | 3.62 |
| Nov 30, 2021 | 3.46 |