Apollo Senior Floating Rate Fund Inc (NYSE:AFT) President Joseph A. Moroney acquired 1,000 shares of Apollo Senior Floating Rate Fund stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of $11.25 per share, with a total value of $11,250.00.
AFT traded up $1.21 on Wednesday, hitting $11.25. 149,200 shares of the company were exchanged, compared to its average volume of 90,026. The business’s fifty day moving average is $14.01 and its 200 day moving average is $14.68. Apollo Senior Floating Rate Fund Inc has a fifty-two week low of $8.01 and a fifty-two week high of $15.63.
The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.093 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.92%.
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.
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