Thursday Is Your Last Chance To Buy Apollo Tactical Income Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Apollo Tactical Income (NYSE:AIF) has announced a monthly dividend of 12.2 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is this Friday. The dividend will be paid out on July 31, 2023.
July 18, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apollo Tactical Income (AIF) has announced a monthly dividend of 12.2 cents per share. The stock will likely trade lower to reflect the payout on the ex-dividend date.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, on the ex-dividend date, the stock price typically decreases by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the total payout.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100