Apollo Tactical Income's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Apollo Tactical Income (NYSE:AIF) has announced a monthly dividend of 12.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own AIF as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 18, 2023 | 2:45 pm
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Apollo Tactical Income's stock will likely open lower on Monday due to the ex-dividend date. The dividend will be paid out on October 31, 2023.
The stock price of Apollo Tactical Income is expected to decrease in the short term due to the ex-dividend date. This is a common occurrence as the stock price adjusts to reflect the payout of the dividend. The dividend will be paid out to shareholders on October 31, 2023, which could potentially attract more investors to the stock.
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