Monthly dividends carry a specific appeal for investors focused on regular income, and SAR has now attached a figure and a firm timeline to its next one. The company declared a cash dividend of USD 0.25 per share, with shares going ex-dividend on December 3, 2026. A cash dividend, in plain terms, is a direct transfer of money from company funds to shareholders of record, as distinct from a stock dividend, which issues additional shares in place of cash.
The ex-dividend date is the mechanism that decides who collects. Own the stock before December 3, 2026, and this particular payment belongs to you. Buy on December 3 or after, and the payout goes to whoever sold you the shares. That cutoff is what investors mean when a stock is described as trading "ex-dividend," a shorthand for "without the dividend."
The record date is also December 3, 2026. It is the day SAR formally checks its shareholder registry to identify who appears on the books and therefore qualifies for the declared payment. The ex-dividend date and the record date landing on the same calendar day is standard under modern equity settlement rules.
The payment timetable
Cash reaches qualifying shareholders on December 22, 2026. The window between the December 3 record date and December 22 is just under three weeks. Companies use that time to reconcile their final shareholder lists and route transfers through custodians to individual brokerage accounts.
SAR runs its dividend on a monthly cycle. A monthly schedule means a payout reaches eligible shareholders every calendar month. Only this single declared payment, at USD 0.25 per share, is formally authorized. Each future distribution is a separate declaration, independent of this one.
The December 22 payment date falls in the final full week of the year.