Apollo Senior Floating Rate Fund (AFT) Sets New 12-Month Low at $15.21

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Apollo Senior Floating Rate Fund Inc (NYSE:AFT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $15.21 and last traded at $15.22, with a volume of 5220 shares trading hands. The stock had previously closed at $15.31.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date is Thursday, November 15th. This is an increase from Apollo Senior Floating Rate Fund’s previous monthly dividend of $0.10.

Several hedge funds have recently made changes to their positions in the stock. NINE MASTS CAPITAL Ltd bought a new stake in shares of Apollo Senior Floating Rate Fund during the 2nd quarter worth about $103,000. Garner Asset Management Corp boosted its holdings in shares of Apollo Senior Floating Rate Fund by 17.1% during the 3rd quarter. Garner Asset Management Corp now owns 61,159 shares of the closed-end fund’s stock worth $977,000 after buying an additional 8,952 shares during the period. Summit X LLC bought a new stake in shares of Apollo Senior Floating Rate Fund during the 2nd quarter worth about $180,000. Raymond James & Associates bought a new stake in shares of Apollo Senior Floating Rate Fund during the 2nd quarter worth about $210,000. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Apollo Senior Floating Rate Fund by 114.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 30,000 shares of the closed-end fund’s stock worth $479,000 after buying an additional 16,009 shares during the period.

About Apollo Senior Floating Rate Fund (NYSE:AFT)

Apollo Senior Floating Rate Fund, Inc operates as a closed-end investment management company. It seeks to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade, and investments with similar characteristics. The company was founded on February 23, 2011 and is headquartered in New York, NY.

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