Apollo Tactical Income Fund Inc. (NYSE:AIF) Plans Monthly Dividend of $0.14

Apollo Tactical Income Fund Inc. (NYSE:AIF) declared a monthly dividend on Friday, April 12th, Zacks reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.144 per share on Tuesday, April 30th. This represents a $1.73 annualized dividend and a dividend yield of 12.00%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Apollo Tactical Income Fund’s previous monthly dividend of $0.14.

Apollo Tactical Income Fund has raised its dividend payment by an average of 15.5% annually over the last three years and has raised its dividend every year for the last 2 years.

Apollo Tactical Income Fund Stock Performance

NYSE:AIF opened at $14.40 on Friday. The firm’s fifty day simple moving average is $14.63 and its 200 day simple moving average is $13.89. Apollo Tactical Income Fund has a twelve month low of $11.95 and a twelve month high of $15.45.

Insider Activity at Apollo Tactical Income Fund

In related news, Director Barry J. Cohen sold 7,882 shares of Apollo Tactical Income Fund stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $15.10, for a total transaction of $119,018.20. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $90,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Apollo Tactical Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in AIF. Pathstone Holdings LLC acquired a new position in shares of Apollo Tactical Income Fund during the 4th quarter valued at $13,693,000. Rivernorth Capital Management LLC increased its stake in Apollo Tactical Income Fund by 247.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 362,673 shares of the company’s stock worth $5,208,000 after buying an additional 258,268 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Apollo Tactical Income Fund during the 1st quarter worth $455,000. Stephens Inc. AR increased its stake in Apollo Tactical Income Fund by 292.1% during the 1st quarter. Stephens Inc. AR now owns 40,783 shares of the company’s stock worth $494,000 after buying an additional 30,383 shares during the period. Finally, Royal Bank of Canada increased its stake in Apollo Tactical Income Fund by 46.2% during the 4th quarter. Royal Bank of Canada now owns 92,234 shares of the company’s stock worth $1,288,000 after buying an additional 29,146 shares during the period.

Apollo Tactical Income Fund Company Profile

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.