Apollo Tactical Income Fund Inc. (NYSE:AIF) Declares Dividend Increase – $0.09 Per Share

Apollo Tactical Income Fund Inc. (NYSE:AIF – Get Rating) announced a monthly dividend on Friday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 20th will be paid a dividend of 0.09 per share on Tuesday, May 31st. This represents a $1.08 annualized dividend and a yield of 8.02%. The ex-dividend date is Thursday, May 19th. This is a boost from Apollo Tactical Income Fund’s previous monthly dividend of $0.09.

Apollo Tactical Income Fund has decreased its dividend payment by an average of 9.1% annually over the last three years.

Shares of Apollo Tactical Income Fund stock opened at $13.47 on Friday. The business has a fifty day simple moving average of $14.15 and a two-hundred day simple moving average of $15.00. Apollo Tactical Income Fund has a 1 year low of $13.43 and a 1 year high of $16.12.

A number of hedge funds have recently bought and sold shares of AIF. Wells Fargo & Company MN increased its position in Apollo Tactical Income Fund by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 559,908 shares of the company’s stock worth $8,578,000 after buying an additional 33,287 shares during the period. Morgan Stanley increased its position in Apollo Tactical Income Fund by 4.6% during the 2nd quarter. Morgan Stanley now owns 696,538 shares of the company’s stock worth $10,901,000 after buying an additional 30,780 shares during the period. Finally, LPL Financial LLC increased its position in Apollo Tactical Income Fund by 29.6% during the 3rd quarter. LPL Financial LLC now owns 42,872 shares of the company’s stock worth $678,000 after buying an additional 9,792 shares during the period.

About Apollo Tactical Income Fund (Get Rating)

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.

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