Apollo Tactical Income Fund Inc (NYSE:AIF) announced a monthly dividend on Monday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.10 per share on Thursday, March 29th. This represents a $1.20 annualized dividend and a yield of 7.69%. The ex-dividend date is Thursday, March 15th.
Apollo Tactical Income Fund has decreased its dividend payment by an average of 3.4% annually over the last three years.
Shares of Apollo Tactical Income Fund (NYSE:AIF) traded down $0.03 during trading on Monday, reaching $15.61. 47,156 shares of the company’s stock traded hands, compared to its average volume of 75,791. Apollo Tactical Income Fund has a 1 year low of $15.37 and a 1 year high of $16.77.
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About Apollo Tactical Income Fund
Apollo Tactical Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
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