Apollo Investment Corp. Announces Quarterly Dividend of $0.20 (AINV)
Apollo Investment Corp. (NASDAQ:AINV) announced a quarterly dividend on Wednesday, May 21st, Analyst Ratings News reports. Investors of record on Friday, June 20th will be paid a dividend of 0.20 per share on Monday, July 7th. This represents a $0.80 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Wednesday, June 18th.
A number of analysts have recently weighed in on AINV shares. Analysts at SunTrust reiterated a “neutral” rating on shares of Apollo Investment Corp. in a research note on Wednesday. They now have a $8.50 price target on the stock. On the ratings front, analysts at JMP Securities upgraded shares of Apollo Investment Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $9.00 price target on the stock, up previously from $8.06. Finally, analysts at Barclays upgraded shares of Apollo Investment Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 5th. They now have a $9.00 price target on the stock. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Apollo Investment Corp. presently has an average rating of “Hold” and an average target price of $8.84.
Apollo Investment Corp. (NASDAQ:AINV) traded up 1.36% on Wednesday, hitting $8.17. 3,759,342 shares of the company’s stock traded hands. Apollo Investment Corp. has a 52 week low of $7.28 and a 52 week high of $9.21. The stock’s 50-day moving average is $8.07 and its 200-day moving average is $8.49.
Apollo Investment Corp. (NASDAQ:AINV) last announced its earnings results on Tuesday, May 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, analysts predict that Apollo Investment Corp. will post $0.87 earnings per share 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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