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

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) announced a dividend on Monday, July 1st, NASDAQ reports. Stockholders 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. The ex-dividend date is Thursday, July 11th.

Apollo Senior Floating Rate Fund Trading Up 0.4 %

Shares of NYSE:AFT traded up $0.06 during midday trading on Tuesday, reaching $14.62. 121,888 shares of the company’s stock traded hands, compared to its average volume of 96,559. The company has a fifty day simple moving average of $14.65 and a two-hundred day simple moving average of $14.18. Apollo Senior Floating Rate Fund has a 1 year low of $12.54 and a 1 year high of $15.14.

About Apollo Senior Floating Rate Fund

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.