Apollo Senior Floating Rate Fund Inc (AFT) to Issue $0.09 Monthly Dividend
Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Friday, June 30th, Wall Street Journal reports. Shareholders of record on Wednesday, July 19th will be paid a dividend of 0.09 per share by the closed-end fund on Monday, July 31st. This represents a $1.08 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Monday, July 17th.
Apollo Senior Floating Rate Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.
Shares of Apollo Senior Floating Rate Fund (NYSE AFT) traded up 0.54% during mid-day trading on Friday, reaching $16.87. 92,409 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $17.19 and its 200-day moving average price is $17.41. Apollo Senior Floating Rate Fund has a one year low of $15.69 and a one year high of $18.08.
WARNING: This article was reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/06/30/apollo-senior-floating-rate-fund-inc-aft-to-issue-0-09-monthly-dividend.html.
Apollo Senior Floating Rate Fund Company Profile
Apollo Senior Floating Rate Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek current income and preservation of capital. The Fund seeks to achieve its investment objective by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar characteristics.
Receive News & Ratings for Apollo Senior Floating Rate Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Senior Floating Rate Fund Inc and related companies with MarketBeat.com's FREE daily email newsletter.