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 is Monday, April 22nd. This is a positive change from Apollo Tactical Income Fund’s previous monthly dividend of $0.14.

Apollo Tactical Income Fund has raised its dividend payment by an average of 15.5% annually over the last three years and has raised its dividend every year for the last 2 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 $14.63 and a two-hundred day simple moving average of $13.89. 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

Several institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its stake in shares of Apollo Tactical Income Fund by 1.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 79,092 shares of the company’s stock worth $960,000 after acquiring an additional 1,487 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Apollo Tactical Income Fund by 1.3% in the 4th 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. JPMorgan Chase & Co. bought a new stake in shares of Apollo Tactical Income Fund in the 1st quarter worth $29,000. LPL Financial LLC grew its stake in shares of Apollo Tactical Income Fund by 2.6% in the 1st 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. Finally, UBS Group AG grew its stake in shares of Apollo Tactical Income Fund by 17.2% in the 4th quarter. UBS Group AG now owns 26,198 shares of the company’s stock worth $366,000 after acquiring an additional 3,851 shares in the last quarter.

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.