Apollo Tactical Income Fund Inc. (AIF) to Issue Monthly Dividend of $0.14 on April 30th

Apollo Tactical Income Fund Inc. (NYSE:AIF) announced a monthly dividend on Friday, April 12th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.144 per share on Tuesday, April 30th. This represents a $1.73 annualized dividend and a dividend yield of 12.00%. The ex-dividend date 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% per year over the last three years and has raised its dividend every year for the last 2 years.

Apollo Tactical Income Fund Price Performance

Shares of AIF stock opened at $14.40 on Friday. The firm has a fifty day moving average of $14.63 and a 200-day moving average of $13.89. Apollo Tactical Income Fund has a 12-month low of $11.95 and a 12-month high of $15.45.

Insider Transactions at Apollo Tactical Income Fund

In other news, Director Barry J. Cohen sold 7,882 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $15.10, for a total transaction of $119,018.20. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at $90,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIF. JPMorgan Chase & Co. bought a new position in Apollo Tactical Income Fund in the first quarter valued at $29,000. Captrust Financial Advisors bought a new position in Apollo Tactical Income Fund in the second quarter valued at $49,000. Apollo Management Holdings L.P. bought a new position in Apollo Tactical Income Fund in the first quarter valued at $63,000. Cetera Advisor Networks LLC acquired a new stake in Apollo Tactical Income Fund in the fourth quarter valued at $125,000. Finally, Virtu Financial LLC acquired a new stake in Apollo Tactical Income Fund in the fourth quarter valued at $144,000.

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.