Apollo Tactical Income Fund Inc. (NYSE:AIF) Announces Monthly Dividend of $0.09

Apollo Tactical Income Fund Inc. (NYSE:AIF) announced a monthly dividend on Monday, September 13th, Zacks reports. Investors of record on Thursday, September 23rd will be given a dividend of 0.09 per share on Thursday, September 30th. This represents a $1.08 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Wednesday, September 22nd.

NYSE AIF opened at $15.86 on Wednesday. The company has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $15.28. Apollo Tactical Income Fund has a 12-month low of $12.46 and a 12-month high of $16.12.

AIF has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Apollo Tactical Income Fund from $63.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, August 13th. CIBC lifted their target price on Apollo Tactical Income Fund from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday.

In other news, major shareholder Saba Capital Management, L.P. sold 53,318 shares of Apollo Tactical Income Fund stock in a transaction on Monday, August 30th. The stock was sold at an average price of $15.89, for a total transaction of $847,223.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Apollo Tactical Income Fund stock. Morgan Stanley grew its stake in shares of Apollo Tactical Income Fund Inc. (NYSE:AIF) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,538 shares of the company’s stock after buying an additional 30,780 shares during the period. Morgan Stanley’s holdings in Apollo Tactical Income Fund were worth $10,901,000 at the end of the most recent reporting period.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund, Inc is a diversified and closed-end management investment company. It engages in the investments in a portfolio of loans, bonds, and other credit instruments. The firm aims to seek current income and preserve capital. The company was founded in 2009 and is headquartered in New York, NY.

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Dividend History for Apollo Tactical Income Fund (NYSE:AIF)

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