Apollo Tactical Income Fund said on April 10, 2023 that its board of directors declared a regular
monthly dividend of $0.12 per share ($1.46 annualized).
Previously, the company paid $0.12 per share.
Shares must be purchased before the ex-div date of April 20, 2023 to qualify for the dividend.
Shareholders of record as of April 21, 2023
will receive the payment on April 28, 2023.
At the current share price of $12.29 / share,
the stock’s dividend yield is 11.91%.
Looking back five years and taking a sample every week, the average dividend yield has been
8.32%,
the lowest has been 6.11%,
and the highest has been 13.36%.
The standard deviation of yields is 1.26 (n=196).
The current dividend yield is
2.86 standard deviations
above
the historical average.
The company’s 3-Year dividend growth rate is 0.07%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 75 funds or institutions reporting positions in Apollo Tactical Income Fund.
This is an increase
of
6
owner(s) or 8.70% in the last quarter.
Average portfolio weight of all funds dedicated to AIF is 0.18%,
a decrease
of 30.71%.
Total shares owned by institutions decreased
in the last three months by 1.58% to 8,085K shares.
What are Other Shareholders Doing?
Thomas J. Herzfeld Advisors
holds 328K shares.
In it’s prior filing, the firm reported owning 245K shares, representing
an increase
of 25.25%.
The firm
increased
its portfolio allocation in AIF by 32.25% over the last quarter.
Sit Investment Associates
holds 5K shares.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
Invesco
holds 96K shares.
In it’s prior filing, the firm reported owning 72K shares, representing
an increase
of 25.18%.
The firm
decreased
its portfolio allocation in AIF by 99.99% over the last quarter.
FourThought Financial
holds 31K shares.
In it’s prior filing, the firm reported owning 26K shares, representing
an increase
of 15.32%.
The firm
increased
its portfolio allocation in AIF by 16.81% over the last quarter.
Qube Research & Technologies
holds 62K shares.
In it’s prior filing, the firm reported owning 58K shares, representing
an increase
of 7.78%.
The firm
increased
its portfolio allocation in AIF by 0.36% over the last quarter.
Apollo Tactical Income Fund Background Information
(This description is provided by the company.)
Apollo Tactical Income Fund Inc. (the “Fund”) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital by investing in a portfolio of senior loans, corporate bonds and other credit instruments of varying maturities. The Fund seeks to generate current income and preservation of capital primarily by allocating assets among different types of credit instruments based on absolute and relative value considerations. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in credit instruments and investments with similar economic characteristics.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
