Apollo Senior Floating Rate Fund Inc (NYSE:AFT) President Joseph A. Moroney purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $11.25 per share, with a total value of $11,250.00.
Shares of AFT traded up $0.06 during trading hours on Thursday, reaching $11.31. The company had a trading volume of 17,726 shares, compared to its average volume of 90,026. The firm has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $14.66. Apollo Senior Floating Rate Fund Inc has a 12-month low of $8.01 and a 12-month high of $15.63.
The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be issued a $0.093 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.87%.
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.
Further Reading: The Role of a Fiduciary and Individual Investors
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