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 Wednesday, meaning it will likely open 12.6 cents lower. Shareholders who own AFT as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 18, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apollo Senior Floating's announcement of a 12.6 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100