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 Tuesday, January 2nd, Wall Street Journal reports. Investors of record on Thursday, January 18th will be paid a dividend of 0.09 per share by the closed-end fund on Wednesday, January 31st. This represents a $1.08 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend is Wednesday, January 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 (AFT) traded down $0.03 on Tuesday, reaching $16.22. 109,600 shares of the company were exchanged, compared to its average volume of 63,648. Apollo Senior Floating Rate Fund has a twelve month low of $16.08 and a twelve month high of $18.08.
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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