Apollo Tactical Income Fund Inc (NYSE:AIF) announced a monthly dividend on Monday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.10 per share on Thursday, March 29th. This represents a $1.20 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date is Thursday, March 15th.
Apollo Tactical Income Fund has decreased its dividend by an average of 3.4% annually over the last three years.
Shares of Apollo Tactical Income Fund (AIF) opened at $15.76 on Wednesday. Apollo Tactical Income Fund has a 12 month low of $15.37 and a 12 month high of $16.77.
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Apollo Tactical Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
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