Apollo Senior Floating Rate Fund has decreased its dividend by an average of 0.5% annually over the last three years.
Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Friday, February 15th, Wall Street Journal reports. Investors of record on Monday, March 18th will be paid a dividend of 0.10 per share by the closed-end fund on Friday, March 29th. This represents a $1.20 annualized dividend and a yield of 7.89%. The ex-dividend date is Friday, March 15th.
Shares of NYSE AFT opened at $15.21 on Thursday. Apollo Senior Floating Rate Fund has a one year low of $13.92 and a one year high of $18.69.
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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