Apollo Senior Floating Rate Fund Inc. (NYSE:AFT – Get 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
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
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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