Apollo Tactical Income Fund Inc. (NYSE:AIF) Declares Monthly Dividend of $0.14

Apollo Tactical Income Fund Inc. (NYSE:AIF) declared a monthly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.144 per share on Tuesday, April 30th. This represents a $1.73 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date is Monday, April 22nd. This is a positive change from Apollo Tactical Income Fund’s previous monthly dividend of $0.14.

Apollo Tactical Income Fund has increased its dividend by an average of 15.5% annually over the last three years and has increased its dividend every year for the last 2 years.

Apollo Tactical Income Fund Price Performance

Shares of AIF stock opened at $14.40 on Friday. The business’s 50-day moving average price is $14.63 and its 200-day moving average price is $13.89. Apollo Tactical Income Fund has a 12 month low of $11.95 and a 12 month high of $15.45.

Insider Activity at Apollo Tactical Income Fund

In other Apollo Tactical Income Fund news, Director Barry J. Cohen sold 7,882 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $15.10, for a total value of $119,018.20. Following the sale, the director now owns 6,000 shares in the company, valued at approximately $90,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Apollo Tactical Income Fund

Large investors have recently modified their holdings of the company. Pathstone Holdings LLC bought a new stake in Apollo Tactical Income Fund during the fourth quarter valued at $13,693,000. Rivernorth Capital Management LLC boosted its position in shares of Apollo Tactical Income Fund by 247.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 362,673 shares of the company’s stock valued at $5,208,000 after purchasing an additional 258,268 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Apollo Tactical Income Fund during the first quarter worth approximately $455,000. Stephens Inc. AR grew its stake in Apollo Tactical Income Fund by 292.1% during the first quarter. Stephens Inc. AR now owns 40,783 shares of the company’s stock worth $494,000 after purchasing an additional 30,383 shares during the period. Finally, Royal Bank of Canada increased its holdings in Apollo Tactical Income Fund by 46.2% in the fourth quarter. Royal Bank of Canada now owns 92,234 shares of the company’s stock worth $1,288,000 after purchasing an additional 29,146 shares in the last quarter.

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.