Apollo Tactical Income Fund Inc. (NYSE:AIF) Raises Dividend to $0.14 Per Share

Apollo Tactical Income Fund Inc. (NYSE:AIF) announced a monthly dividend on Friday, April 12th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Apollo Tactical Income Fund’s previous monthly dividend of $0.14.

Apollo Tactical Income Fund has increased its dividend payment by an average of 15.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Apollo Tactical Income Fund Stock Performance

Shares of AIF stock opened at $14.40 on Friday. The firm has a fifty day simple moving average of $14.64 and a two-hundred day simple moving average of $13.91. Apollo Tactical Income Fund has a 12 month low of $11.95 and a 12 month high of $15.45.

Insider Buying and Selling at Apollo Tactical Income Fund

In other Apollo Tactical Income Fund news, Director Barry J. Cohen sold 7,882 shares of the business’s 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 in the company, valued at approximately $90,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Apollo Tactical Income Fund

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Apollo Tactical Income Fund in the 1st quarter worth $29,000. Captrust Financial Advisors bought a new stake in shares of Apollo Tactical Income Fund in the 2nd quarter worth $49,000. Apollo Management Holdings L.P. bought a new stake in shares of Apollo Tactical Income Fund in the 1st quarter worth $63,000. Virtu Financial LLC bought a new stake in shares of Apollo Tactical Income Fund in the 4th quarter worth $144,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Apollo Tactical Income Fund in the 4th quarter worth $125,000.

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.