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

Apollo Tactical Income Fund Inc. (NYSE:AIFGet Free Report) 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 dividend on an annualized basis 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 raised its dividend 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 Price Performance

Shares of AIF stock opened at $14.40 on Friday. The company’s fifty day simple moving average is $14.64 and its 200-day simple moving average is $13.91. 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 business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $15.10, for a total value of $119,018.20. Following 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 SEC, which is accessible through the SEC website.

Institutional Trading of Apollo Tactical Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathstone Holdings LLC bought a new stake in Apollo Tactical Income Fund during the fourth quarter worth $13,693,000. Rivernorth Capital Management LLC raised its position in Apollo Tactical Income Fund by 247.4% during the first quarter. Rivernorth Capital Management LLC now owns 362,673 shares of the company’s stock worth $5,208,000 after acquiring an additional 258,268 shares in the last quarter. Invesco Ltd. raised its position in Apollo Tactical Income Fund by 7.9% during the third quarter. Invesco Ltd. now owns 188,807 shares of the company’s stock worth $2,524,000 after acquiring an additional 13,886 shares in the last quarter. Bank of America Corp DE raised its position in Apollo Tactical Income Fund by 1.3% during the fourth quarter. Bank of America Corp DE now owns 167,021 shares of the company’s stock worth $2,024,000 after acquiring an additional 2,176 shares in the last quarter. Finally, LPL Financial LLC raised its position in Apollo Tactical Income Fund by 2.6% during the first quarter. LPL Financial LLC now owns 130,568 shares of the company’s stock worth $1,582,000 after acquiring an additional 3,256 shares in the last quarter.

About Apollo Tactical Income Fund

(Get Free Report)

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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