Apollo Senior Floating Rate Fund Inc. (AFT) To Go Ex-Dividend on April 22nd

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

Shares of AFT opened at $14.51 on Friday. The business has a fifty day moving average of $14.22 and a 200 day moving average of $13.61. Apollo Senior Floating Rate Fund has a 52-week low of $12.28 and a 52-week high of $14.73.

Insider Buying and Selling

In related news, Director Barry J. Cohen purchased 8,365 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was bought at an average cost of $14.19 per share, for a total transaction of $118,699.35. Following the completion of the transaction, the director now directly owns 18,365 shares in the company, valued at $260,599.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Apollo Senior Floating Rate Fund

Several institutional investors and hedge funds have recently made changes to their positions in AFT. Stonebridge Capital Advisors LLC bought a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter worth $49,000. LM Advisors LLC bought a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter worth $53,000. Envestnet Asset Management Inc. bought a new stake in shares of Apollo Senior Floating Rate Fund during the second quarter worth $129,000. Nomura Holdings Inc. bought a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter worth $141,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Apollo Senior Floating Rate Fund during the second quarter worth $152,000.

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.