Apollo Tactical Income Fund has decreased its dividend by an average of 4.1% per year over the last three years.
Apollo Tactical Income Fund Inc (NYSE:AIF) declared a monthly dividend on Friday, February 15th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be paid a dividend of 0.107 per share on Friday, March 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Friday, March 15th.
Shares of AIF opened at $14.91 on Thursday. Apollo Tactical Income Fund has a 12-month low of $12.95 and a 12-month high of $15.96.
A number of equities analysts have recently issued reports on AIF shares. CIBC reissued a “hold” rating and issued a $30.00 target price on shares of Apollo Tactical Income Fund in a report on Friday, January 11th. BMO Capital Markets reissued an “average” rating and issued a $30.00 target price on shares of Apollo Tactical Income Fund in a report on Friday, February 22nd.
About Apollo Tactical Income Fund
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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