Apollo Senior Floating Rate Fund Inc. to Issue Monthly Dividend of $0.14 (NYSE:AFT)

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) announced a monthly dividend on Friday, April 12th, investing.com reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.14 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend is Monday, April 22nd.

Apollo Senior Floating Rate Fund has increased its dividend payment by an average of 16.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Apollo Senior Floating Rate Fund Stock Performance

NYSE AFT opened at $14.51 on Friday. Apollo Senior Floating Rate Fund has a 52-week low of $12.28 and a 52-week high of $14.73. The company has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $13.61.

Insider Buying and Selling

In other news, Director Barry J. Cohen acquired 8,365 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the completion of the purchase, the director now owns 18,365 shares in the company, valued at $260,599.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Apollo Senior Floating Rate Fund

Several hedge funds have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC bought a new position in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth $49,000. LM Advisors LLC purchased a new stake in Apollo Senior Floating Rate Fund during the fourth quarter valued at about $53,000. Envestnet Asset Management Inc. bought a new position in Apollo Senior Floating Rate Fund during the second quarter worth about $129,000. Nomura Holdings Inc. purchased a new position in shares of Apollo Senior Floating Rate Fund in the fourth quarter worth about $141,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Apollo Senior Floating Rate Fund in the second quarter worth about $152,000.

Apollo Senior Floating Rate Fund Company Profile

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.