Apollo Tactical Income Fund Inc (NYSE:AIF) declared a monthly dividend on Monday, October 30th, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be paid a dividend of 0.10 per share on Thursday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, November 16th.
Apollo Tacticalome Fund has increased its dividend by an average of 13.9% annually over the last three years.
Apollo Tacticalome Fund (NYSE:AIF) opened at $15.61 on Wednesday. Apollo Tacticalome Fund has a 52-week low of $14.58 and a 52-week high of $16.77.
Separately, Canaccord Genuity restated a “buy” rating and set a $39.00 target price on shares of Apollo Tacticalome Fund in a research report on Wednesday, November 1st.
Apollo Tacticalome Fund Company Profile
Apollo Tactical Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
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