Apollo Senior Floating Rate Fund Inc. Announces Monthly Dividend of $0.09 (AFT)
Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) announced a monthly dividend on Wednesday, December 13th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.09 per share by the closed-end fund on Friday, December 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Thursday, December 21st.
Apollo Senior Floating Rate Fund has decreased its dividend by an average of 4.3% annually over the last three years.
Apollo Senior Floating Rate Fund (NYSE AFT) traded down $0.12 during mid-day trading on Wednesday, hitting $16.36. 75,854 shares of the stock were exchanged, compared to its average volume of 62,847. Apollo Senior Floating Rate Fund has a twelve month low of $16.08 and a twelve month high of $18.08.
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Apollo Senior Floating Rate Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek current income and preservation of capital. The Fund seeks to achieve its investment objective by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar characteristics.
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