Apollo Investment Corp. Declares Quarterly Dividend of $0.45 (NASDAQ:AINV)

Apollo Investment Corp. (NASDAQ:AINV) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.45 per share by the asset manager on Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 10.80%.

NASDAQ:AINV opened at $16.66 on Thursday. Apollo Investment has a 12 month low of $12.05 and a 12 month high of $17.00. The stock has a 50 day moving average of $15.95 and a two-hundred day moving average of $16.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.05. The firm has a market cap of $1.08 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 8.79 and a beta of 1.09.

Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Tuesday, November 5th. The asset manager reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.11. Apollo Investment had a return on equity of 9.88% and a net margin of 31.99%. The company had revenue of $70.32 million during the quarter, compared to analyst estimates of $68.67 million. During the same period in the previous year, the business earned $0.45 EPS. Apollo Investment’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Apollo Investment will post 1.82 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co lowered Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research report on Wednesday, August 7th. Compass Point lowered Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Monday, September 16th. BidaskClub upgraded Apollo Investment from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. ValuEngine upgraded Apollo Investment from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Zacks Investment Research upgraded Apollo Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.14.

Apollo Investment Company Profile

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

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Dividend History for Apollo Investment (NASDAQ:AINV)

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