Runway Growth Finance Corp.
RWAYFinancial Services · Stock · quarterly payer
Forward Yield
19.79%
Annual Dividend
$1.32
Payout Ratio
563%
5-Yr Growth
—
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, Runway Growth Finance Corp. (RWAY) yields 19.79% ($1.32 per share annually), with a blended fair-value estimate of $23.03 — +249% upside, so it screens as undervalued. Dividend safety grade: D (37/100).
Is RWAY a good dividend stock?
Higher riskRunway Growth Finance Corp. (RWAY) pays a quarterly dividend yielding 19.79% ($1.32/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (563%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 19.79%
- Payout Ratio
- 563%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.60
- Market Cap
- $276.6M
- P/E Ratio
- 27.5
- 5-Yr Total Return
- -49%
- 52-Week Range
- $5.19 – $10.92
- Dividend Safety
- D · 37/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
RWAY Price — Last 12 Months
Daily close
Price Return
1 Year
-35%
3 Years
-49%
5 Years
-49%
52-Week Range
$5.19 – $10.92
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RWAY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Runway Growth Finance Corp. is $23.03 per share, versus a market price of $6.59. That implies 249% of upside — a margin of safety of about 71%.
Fair Value
$23.03
Current Price
$6.59
Upside
+249%
Margin of Safety
71%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.24 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RWAY Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $0.3300 | regular |
| May 18, 2026 | — | $0.3300 | regular |
| Mar 10, 2026 | — | $0.3300 | regular |
| Nov 17, 2025 | — | $0.3300 | regular |
| Aug 18, 2025 | — | $0.3600 | regular |
| May 19, 2025 | — | $0.3500 | regular |
| Mar 31, 2025 | — | $0.3600 | regular |
| Nov 18, 2024 | — | $0.4000 | regular |
| Aug 12, 2024 | — | $0.4500 | regular |
| May 9, 2024 | — | $0.4700 | regular |
| Feb 9, 2024 | — | $0.4700 | regular |
| Nov 10, 2023 | — | $0.4600 | regular |
| Aug 14, 2023 | — | $0.4500 | regular |
| May 12, 2023 | — | $0.4500 | regular |
Income Calculator
At $1.32 / yr per share
