Apollo Tactical Income (NYSE:AIF) announced a monthly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.10 per share on Thursday, March 29th. This represents a $1.20 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Thursday, March 15th.
Apollo Tactical Income has decreased its dividend by an average of 3.4% annually over the last three years.
Shares of AIF stock traded up $0.06 during trading hours on Thursday, hitting $15.85. The stock had a trading volume of 42,164 shares, compared to its average volume of 62,230. Apollo Tactical Income has a one year low of $15.37 and a one year high of $16.71.
Apollo Tactical Income Company Profile
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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