Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney Acquires 1,000 Shares
Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $10.77 per share, for a total transaction of $10,770.00.
Shares of NYSE AIF traded up $0.13 during midday trading on Thursday, reaching $10.90. 6,200 shares of the company’s stock traded hands, compared to its average volume of 99,995. Apollo Tactical Income Fund Inc has a one year low of $8.28 and a one year high of $15.89. The stock’s 50 day simple moving average is $13.92 and its 200-day simple moving average is $14.73.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a $0.097 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.16 annualized dividend and a yield of 10.68%.
Apollo Tactical Income Fund Company Profile
Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.
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