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

Apollo Tactical Income Fund Inc. (NYSE:AIF) announced a monthly dividend on Friday, April 12th, Zacks reports. Investors of record on Tuesday, April 23rd will be given 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 of this dividend is Monday, April 22nd. This is an increase 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 annually for the last 2 consecutive years.

Apollo Tactical Income Fund Stock Performance

Shares of AIF stock opened at $14.40 on Friday. Apollo Tactical Income Fund has a fifty-two week low of $11.95 and a fifty-two week high of $15.45. The stock has a 50 day moving average price of $14.63 and a two-hundred day moving average price of $13.89.

Insider Buying and Selling at Apollo Tactical Income Fund

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

Hedge Funds Weigh In On Apollo Tactical Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pathstone Holdings LLC bought a new position in shares of Apollo Tactical Income Fund during the fourth quarter valued at approximately $13,693,000. Rivernorth Capital Management LLC grew its stake in Apollo Tactical Income Fund by 247.4% in the first quarter. Rivernorth Capital Management LLC now owns 362,673 shares of the company’s stock worth $5,208,000 after purchasing an additional 258,268 shares during the period. Invesco Ltd. grew its stake in Apollo Tactical Income Fund by 7.9% in the third quarter. Invesco Ltd. now owns 188,807 shares of the company’s stock worth $2,524,000 after purchasing an additional 13,886 shares during the period. Bank of America Corp DE grew its stake in Apollo Tactical Income Fund by 1.3% in the fourth quarter. Bank of America Corp DE now owns 167,021 shares of the company’s stock worth $2,024,000 after purchasing an additional 2,176 shares during the period. Finally, LPL Financial LLC grew its stake in Apollo Tactical Income Fund by 2.6% in the first quarter. LPL Financial LLC now owns 130,568 shares of the company’s stock worth $1,582,000 after purchasing an additional 3,256 shares during the period.

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.