Apollo Senior Floating Rate Fund Inc (NYSE:AFT) Declares $0.10 Monthly Dividend

Apollo Senior Floating Rate Fund Inc (NYSE:AFT) declared a monthly dividend on Monday, December 9th, Wall Street Journal reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.10 per share by the closed-end fund on Tuesday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Monday, December 16th.

AFT traded down $0.03 during trading on Monday, hitting $14.83. The stock had a trading volume of 89,815 shares, compared to its average volume of 59,426. Apollo Senior Floating Rate Fund has a twelve month low of $13.92 and a twelve month high of $15.39. The company’s 50-day moving average price is $14.67 and its 200 day moving average price is $14.77.

About Apollo Senior Floating Rate Fund

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.

Featured Story: Why is the price-sales ratio important?

Dividend History for Apollo Senior Floating Rate Fund (NYSE:AFT)

Receive News & Ratings for Apollo Senior Floating Rate Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Senior Floating Rate Fund and related companies with MarketBeat.com's FREE daily email newsletter.