---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-002015"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:02:08.549384+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Q3 NII per share $0.83, up 84% YoY; dividend raised 26% to $0.68

## Summary
- NII per share $0.83 (up 30% QoQ, 84% YoY); adjusted NII per share $0.77 (up 33% QoQ, 45% YoY).
- Quarterly dividend increased 26% to $0.68 per share, paid Jan 4, 2023.
- AUM $982M (+48% YoY); NAV per share $28.25 (flat QoQ); 96% of loans at highest rating.
- Issued $46M of 8.00% notes due 2027 and $60.4M of 8.125% notes due 2027 in Oct-Dec 2022.
- Third SBIC license approved, providing up to $175M in additional SBA debenture capacity.

## SEC filing metadata
- accession: 0001213900-23-002015
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390023002015/0001213900-23-002015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390023002015/ea171501-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-002015
- JSON: https://secwatch.observer/filing/0001213900-23-002015.json
- Plain text: https://secwatch.observer/filing/0001213900-23-002015.txt

## Key facts
- Earnings Releases
  SARATOGA INVESTMENT CORP. reported financial results for fiscal third quarter 2023.
  - Period: fiscal third quarter 2023
  - Result: reported results
  source text: Saratoga Investment Corp. issued a press release announcing its financial results for the quarter and nine months ended November 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390023002015/0001213900-23-002015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.