Apollo Senior Floating Rate Fund Inc (NYSE:AFT) announced a monthly dividend on Thursday, June 6th, Zacks reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.10 per share by the closed-end fund on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, June 14th.
Apollo Senior Floating Rate Fund has decreased its dividend payment by an average of 0.5% annually over the last three years.
AFT stock opened at $14.96 on Thursday. Apollo Senior Floating Rate Fund has a twelve month low of $13.92 and a twelve month high of $16.69.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Highlight Press and is the sole property of of Highlight Press. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://highlightpress.com/2019/06/13/apollo-senior-floating-rate-fund-inc-nyseaft-announces-0-10-monthly-dividend.html.
About Apollo Senior Floating Rate Fund
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.
Recommended Story: What are the advantages to having securities held in street name?
Receive News & Ratings for Apollo Senior Floating Rate Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Senior Floating Rate Fund and related companies with MarketBeat.com's FREE daily email newsletter.