Apollo Senior Floating Rate Fund Inc Announces Monthly Dividend of $0.09 (AFT)
Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.09 per share by the closed-end fund on Friday, September 29th. This represents a $1.08 annualized dividend and a yield of 6.46%. The ex-dividend date is Monday, September 18th.
Apollo Senior Floating Rate Fund has decreased its dividend by an average of 4.3% per year over the last three years.
Shares of Apollo Senior Floating Rate Fund (NYSE AFT) traded down 0.89% during mid-day trading on Thursday, reaching $16.72. The company’s stock had a trading volume of 62,664 shares. Apollo Senior Floating Rate Fund has a 52-week low of $16.17 and a 52-week high of $18.08. The company has a 50-day moving average price of $16.91 and a 200 day moving average price of $17.34.
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About Apollo Senior Floating Rate Fund
Apollo Senior Floating Rate Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek current income and preservation of capital. The Fund seeks to achieve its investment objective by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar characteristics.
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