Apollo Senior Floating Rate Fund Inc to Issue Monthly Dividend of $0.09 (AFT)
Apollo Senior Floating Rate Fund Inc (NYSE:AFT) declared a monthly dividend on Friday, September 22nd, Wall Street Journal reports. Stockholders of record on Thursday, October 19th will be paid a dividend of 0.09 per share by the closed-end fund on Tuesday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Wednesday, October 18th.
Apollo Senior Floating Rate Fund has decreased its dividend by an average of 4.3% annually over the last three years.
Shares of Apollo Senior Floating Rate Fund (NYSE:AFT) traded up 1.09% on Friday, hitting $16.70. 39,883 shares of the stock traded hands. Apollo Senior Floating Rate Fund has a 12-month low of $16.22 and a 12-month high of $18.08. The stock has a 50-day moving average price of $16.81 and a 200 day moving average price of $17.16.
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About Apollo Senior Floating Rate Fund
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.
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