Apollo Tactical Income Fund Inc (NYSE:AIF) declared a monthly dividend on Friday, July 5th, NASDAQ reports. Investors of record on Thursday, July 18th will be given a dividend of 0.10 per share on Wednesday, July 31st. This represents a $1.20 annualized dividend and a yield of 7.92%. The ex-dividend date is Wednesday, July 17th.
Apollo Tactical Income Fund has decreased its dividend payment by an average of 4.1% annually over the last three years.
AIF stock opened at $15.15 on Tuesday. The firm’s 50-day moving average price is $14.74. Apollo Tactical Income Fund has a 12-month low of $12.95 and a 12-month high of $15.91.
Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.
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