Apollo Investment Corp. Declares Quarterly Dividend of $0.20 (AINV)
Apollo Investment Corp. (NASDAQ:AINV) announced a quarterly dividend on Friday, February 7th, AmericanBankingNews.com reports. Shareholders of record on Friday, March 21st will be paid a dividend of 0.20 per share on Monday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Wednesday, March 19th.
On the ratings front, analysts at Zacks downgraded shares of Apollo Investment Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $9.20 price target on the stock.
Apollo Investment Corp. (NASDAQ:AINV) traded up 0.12% during mid-day trading on Friday, hitting $8.37. The stock had a trading volume of 1,208,867 shares. Apollo Investment Corp. has a 1-year low of $7.28 and a 1-year high of $9.09. The stock has a 50-day moving average of $8.59 and a 200-day moving average of $8.41. The company has a market cap of $1.881 billion and a P/E ratio of 12.78.
Apollo Investment Corp. (NASDAQ:AINV) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $91.90 million. During the same quarter last year, the company posted $0.21 earnings per share. Apollo Investment Corp.’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Apollo Investment Corp. will post $0.89 EPS for the current fiscal year.
Apollo Investment Corporation (NASDAQ:AINV) is a closed-end, non-diversified management investment company that has elected to be treated as a business development company.
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