Apollo Tactical Income Fund Inc. (AIF) To Go Ex-Dividend on September 22nd

Apollo Tactical Income Fund Inc. (NYSE:AIF) announced a monthly dividend on Monday, September 13th, Zacks reports. Shareholders of record on Thursday, September 23rd will be given a dividend of 0.09 per share on Thursday, September 30th. This represents a $1.08 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Wednesday, September 22nd.

Apollo Tactical Income Fund stock opened at $15.86 on Wednesday. Apollo Tactical Income Fund has a one year low of $12.46 and a one year high of $16.12. The business has a fifty day moving average of $15.58 and a two-hundred day moving average of $15.28.

In other Apollo Tactical Income Fund news, major shareholder Saba Capital Management, L.P. sold 53,318 shares of Apollo Tactical Income Fund stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $15.89, for a total value of $847,223.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Apollo Tactical Income Fund stock. Morgan Stanley grew its position in Apollo Tactical Income Fund Inc. (NYSE:AIF) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,538 shares of the company’s stock after purchasing an additional 30,780 shares during the period. Morgan Stanley’s holdings in Apollo Tactical Income Fund were worth $10,901,000 as of its most recent SEC filing.

Several research analysts have recently issued reports on AIF shares. CIBC lifted their price target on Apollo Tactical Income Fund from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on Apollo Tactical Income Fund from $63.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund, Inc is a diversified and closed-end management investment company. It engages in the investments in a portfolio of loans, bonds, and other credit instruments. The firm aims to seek current income and preserve capital. The company was founded in 2009 and is headquartered in New York, NY.

See Also: Bond

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

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