Apollo Tactical Income Fund Inc. (NYSE:AIF) Declares $0.14 Monthly Dividend

Apollo Tactical Income Fund Inc. (NYSE:AIFGet Free Report) announced a monthly dividend on Friday, May 10th, Wall Street Journal reports. Shareholders of record on Thursday, May 23rd will be paid a dividend of 0.144 per share on Friday, May 31st. This represents a $1.73 annualized dividend and a yield of 11.69%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Apollo Tactical Income Fund has increased its dividend payment by an average of 15.5% annually 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 NYSE AIF opened at $14.78 on Monday. The stock’s 50-day moving average is $14.41 and its two-hundred day moving average is $14.13. Apollo Tactical Income Fund has a 1-year low of $11.95 and a 1-year high of $15.45.

Insider Activity

In other news, Director Barry J. Cohen sold 7,882 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $15.10, for a total value of $119,018.20. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $90,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Apollo Tactical Income Fund Company Profile

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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.

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

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