Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Plans Monthly Dividend of $0.25

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 11th will be given a dividend of 0.2463 per share by the closed-end fund on Thursday, July 18th. This represents a $2.96 annualized dividend and a yield of 19.70%. The ex-dividend date of this dividend is Thursday, July 11th.

Apollo Senior Floating Rate Fund Trading Up 0.5 %

AFT stock opened at $15.00 on Wednesday. Apollo Senior Floating Rate Fund has a 52 week low of $12.54 and a 52 week high of $15.14. The company has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $14.24.

Apollo Senior Floating Rate Fund Company Profile

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.