Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Tuesday, September 17th will be paid a dividend of 0.10 per share by the closed-end fund on Monday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 8.09%. The ex-dividend date is Monday, September 16th.
Apollo Senior Floating Rate Fund has decreased its dividend payment by an average of 0.5% per year over the last three years.
Shares of Apollo Senior Floating Rate Fund stock opened at $14.84 on Friday. Apollo Senior Floating Rate Fund has a 1 year low of $13.92 and a 1 year high of $16.19. The stock has a fifty day moving average price of $14.71 and a 200-day moving average price of $14.94.
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.
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