Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.10 per share by the closed-end fund on Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend is Thursday, November 14th.
Shares of Apollo Senior Floating Rate Fund stock opened at $14.65 on Thursday. The company’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $14.83. Apollo Senior Floating Rate Fund has a 52 week low of $13.92 and a 52 week high of $15.55.
About Apollo Senior Floating Rate Fund
Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.
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