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.
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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