Apollo Tactical Income Fund Inc (NYSE:AIF) President Joseph A. Moroney bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of $10.77 per share, with a total value of $10,770.00.
Apollo Tactical Income Fund stock traded up $0.13 during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 6,200 shares, compared to its average volume of 99,995. The firm’s 50 day moving average is $13.92 and its 200 day moving average is $14.73. Apollo Tactical Income Fund Inc has a one year low of $8.28 and a one year high of $15.89.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.097 dividend. This represents a $1.16 annualized dividend and a yield of 10.68%. The ex-dividend date is Tuesday, March 17th.
About Apollo Tactical Income Fund
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.
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