Apollo Senior Floating Rate Fund Inc. Plans Monthly Dividend of $0.14 (NYSE:AFT)

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) declared a monthly dividend on Friday, April 12th, investing.com reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.14 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 11.58%. The ex-dividend date is Monday, April 22nd.

Apollo Senior Floating Rate Fund has increased its dividend by an average of 16.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Apollo Senior Floating Rate Fund Price Performance

AFT opened at $14.51 on Friday. The stock’s 50-day moving average price is $14.22 and its 200 day moving average price is $13.61. Apollo Senior Floating Rate Fund has a 12-month low of $12.28 and a 12-month high of $14.73.

Insiders Place Their Bets

In related news, Director Barry J. Cohen purchased 8,365 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were bought at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the acquisition, the director now directly owns 18,365 shares in the company, valued at $260,599.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Apollo Senior Floating Rate Fund

Several large investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in Apollo Senior Floating Rate Fund by 1.8% during the 3rd quarter. UBS Group AG now owns 59,117 shares of the closed-end fund’s stock worth $740,000 after purchasing an additional 1,034 shares during the period. Stifel Financial Corp increased its holdings in shares of Apollo Senior Floating Rate Fund by 3.0% in the 2nd quarter. Stifel Financial Corp now owns 78,429 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 2,265 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Apollo Senior Floating Rate Fund by 3.8% in the 2nd quarter. Royal Bank of Canada now owns 63,406 shares of the closed-end fund’s stock valued at $819,000 after acquiring an additional 2,310 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Apollo Senior Floating Rate Fund by 29.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,964 shares of the closed-end fund’s stock valued at $162,000 after acquiring an additional 2,934 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Apollo Senior Floating Rate Fund by 27.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 14,000 shares of the closed-end fund’s stock valued at $176,000 after acquiring an additional 3,000 shares during the last quarter.

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.