Apollo Tactical Income Fund Inc (NYSE:AIF) Plans $0.10 Monthly Dividend

Apollo Tactical Income Fund Inc (NYSE:AIF) announced a monthly dividend on Wednesday, September 4th, NASDAQ reports. Stockholders of record on Tuesday, September 17th will be paid a dividend of 0.10 per share on Monday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Monday, September 16th.

Apollo Tactical Income Fund has decreased its dividend payment by an average of 4.1% annually over the last three years.

Shares of NYSE AIF traded down $0.02 during midday trading on Friday, hitting $15.16. 399 shares of the company’s stock were exchanged, compared to its average volume of 53,574. Apollo Tactical Income Fund has a twelve month low of $12.95 and a twelve month high of $15.91. The firm’s fifty day simple moving average is $14.73 and its 200-day simple moving average is $14.79.

A number of research firms recently issued reports on AIF. CIBC restated a “sell” rating and set a $26.00 price target on shares of Apollo Tactical Income Fund in a research note on Monday, July 29th. BMO Capital Markets raised their price target on Apollo Tactical Income Fund from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th.

Apollo Tactical Income Fund Company Profile

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.

Read More: What is a Lock-Up Period?

Dividend History for Apollo Tactical Income Fund (NYSE:AIF)

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