Apollo Senior Floating: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apollo Senior Floating (NYSE:AFT) has announced a monthly dividend of 12.6 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own AFT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 18, 2023 | 2:45 pm
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Apollo Senior Floating (AFT) has announced a monthly dividend of 12.6 cents per share. The stock will go ex-dividend on Friday, which will likely cause the stock to open lower.
The announcement of a dividend often leads to a temporary decrease in the stock's price as it goes ex-dividend. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that AFT's stock price will open lower on Friday.
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