Apollo Senior Floating: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apollo Senior Floating (NYSE:AFT) announced a monthly dividend of 13.7 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning AFT by the end of Tuesday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open 13.7 cents lower on the ex-dividend date.
February 16, 2024 | 2:45 pm
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Apollo Senior Floating announced a monthly dividend of 13.7 cents per share, payable on February 29, 2024. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, AFT is likely to experience a short-term price decrease of 13.7 cents on the ex-dividend date.
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