Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Declares Monthly Dividend of $0.09

Apollo Senior Floating Rate Fund Inc. (NYSE:AFTGet Rating) announced a monthly dividend on Monday, August 15th, Wall Street Journal reports. Shareholders of record on Tuesday, August 23rd will be paid a dividend of 0.092 per share by the closed-end fund on Wednesday, August 31st. This represents a $1.10 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Monday, August 22nd.

Apollo Senior Floating Rate Fund has decreased its dividend by an average of 8.6% per year over the last three years.

Apollo Senior Floating Rate Fund Stock Performance

NYSE AFT opened at $13.82 on Tuesday. The company has a 50-day moving average price of $13.08 and a two-hundred day moving average price of $14.11. Apollo Senior Floating Rate Fund has a 52 week low of $12.67 and a 52 week high of $17.20.

Institutional Investors Weigh In On Apollo Senior Floating Rate Fund

Several institutional investors have recently bought and sold shares of AFT. Advisors Asset Management Inc. raised its position in shares of Apollo Senior Floating Rate Fund by 6.5% during the 1st quarter. Advisors Asset Management Inc. now owns 329,625 shares of the closed-end fund’s stock worth $4,819,000 after buying an additional 20,194 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Apollo Senior Floating Rate Fund by 24.3% in the first quarter. Invesco Ltd. now owns 210,511 shares of the closed-end fund’s stock valued at $3,078,000 after acquiring an additional 41,170 shares in the last quarter. LPL Financial LLC increased its stake in shares of Apollo Senior Floating Rate Fund by 4.0% during the second quarter. LPL Financial LLC now owns 205,566 shares of the closed-end fund’s stock valued at $2,637,000 after acquiring an additional 7,814 shares during the period. Royal Bank of Canada raised its holdings in Apollo Senior Floating Rate Fund by 20.7% during the first quarter. Royal Bank of Canada now owns 43,365 shares of the closed-end fund’s stock worth $635,000 after purchasing an additional 7,423 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Apollo Senior Floating Rate Fund in the first quarter worth approximately $446,000.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upgraded Apollo Senior Floating Rate Fund from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st.

Apollo Senior Floating Rate Fund Company Profile

(Get Rating)

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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Dividend History for Apollo Senior Floating Rate Fund (NYSE:AFT)

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