Apollo Senior Floating Rate Fund Inc (NYSE:AFT) declared a monthly dividend on Monday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.096 per share by the closed-end fund on Thursday, March 29th. This represents a $1.15 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Apollo Senior Floating Rate Fund’s previous monthly dividend of $0.09.
Apollo Senior Floating Rate Fund has decreased its dividend by an average of 2.4% annually over the last three years.
Apollo Senior Floating Rate Fund (NYSE AFT) opened at $16.61 on Wednesday. Apollo Senior Floating Rate Fund has a 12-month low of $16.08 and a 12-month high of $17.80.
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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