Apollo Tactical Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apollo Tactical Income (NYSE:AIF) announced a monthly dividend of 13.3 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 13.3 cents lower to reflect the payout. Shareholders owning AIF by end of Tuesday are eligible for the dividend, which will be paid on December 29, 2023.
December 15, 2023 | 2:45 pm
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Apollo Tactical Income (AIF) will pay a monthly dividend of 13.3 cents per share, with the ex-dividend date set for Wednesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of AIF is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The importance is significant for dividend investors and those tracking the stock's price movements. The confidence level is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100