Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Declares Monthly Dividend of $0.14

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) declared a monthly dividend on Friday, April 12th, investing.com reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.14 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 11.58%. The ex-dividend date of this dividend is Monday, April 22nd.

Apollo Senior Floating Rate Fund has raised its dividend by an average of 16.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Apollo Senior Floating Rate Fund Price Performance

Shares of Apollo Senior Floating Rate Fund stock opened at $14.51 on Friday. The business has a 50-day moving average price of $14.22 and a 200 day moving average price of $13.61. Apollo Senior Floating Rate Fund has a fifty-two week low of $12.28 and a fifty-two week high of $14.73.

Insider Transactions at Apollo Senior Floating Rate Fund

In other Apollo Senior Floating Rate Fund news, Director Barry J. Cohen bought 8,365 shares of the stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the completion of the purchase, the director now directly owns 18,365 shares in the company, valued at $260,599.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AFT. Pathstone Holdings LLC acquired a new position in shares of Apollo Senior Floating Rate Fund during the fourth quarter valued at $7,352,000. Morgan Stanley lifted its stake in shares of Apollo Senior Floating Rate Fund by 24.5% in the 4th quarter. Morgan Stanley now owns 771,961 shares of the closed-end fund’s stock worth $9,526,000 after acquiring an additional 151,883 shares during the period. Logan Stone Capital LLC boosted its holdings in shares of Apollo Senior Floating Rate Fund by 199.6% in the fourth quarter. Logan Stone Capital LLC now owns 164,754 shares of the closed-end fund’s stock valued at $2,033,000 after acquiring an additional 109,763 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Apollo Senior Floating Rate Fund by 34.9% in the fourth quarter. Bank of America Corp DE now owns 246,124 shares of the closed-end fund’s stock valued at $3,037,000 after acquiring an additional 63,670 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Apollo Senior Floating Rate Fund by 24.3% during the first quarter. Invesco Ltd. now owns 210,511 shares of the closed-end fund’s stock worth $3,078,000 after purchasing an additional 41,170 shares in the last quarter.

Apollo Senior Floating Rate Fund Company Profile

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.