Saratoga Investment (SAR) Raises Quarterly Dividend 2.3% to $0.45; 8.6% Yield

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Saratoga Investment Corp. Announces Fiscal Third Quarter 2017 Financial Results

January 11, 2017 4:10 PM EST

NEW YORK, Jan. 11, 2017 /PRNewswire/ -- Saratoga Investment Corp. (NYSE: SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced financial results for its 2017 fiscal third quarter.

Summary Financial Information

For the quarter ended November 30, 2016, Saratoga Investment's assets under management ("AUM") was $277.6 million, an increase of 1.7% from $272.8 million as of August 31, 2016, and a decrease of 2.3% from $284.0 million as of February 29, 2016. These changes include $30.1 million in acquisitions this quarter, offset by further repayments of $23.8 million during the third fiscal quarter of 2017 following significant repayments last quarter. Total repayments for... More