Apollo Tactical Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
Apollo Tactical Income (NYSE:AIF) announced a monthly dividend of 13.8 cents per share, going ex-dividend on Wednesday. Shareholders owning AIF by the end of Tuesday are eligible for the payout on March 28, 2024. The stock is expected to open 13.8 cents lower on the ex-dividend date.
March 15, 2024 | 2:45 pm
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Apollo Tactical Income announced a monthly dividend of 13.8 cents per share, with the stock expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, AIF is expected to open 13.8 cents lower, directly correlating with the dividend amount.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100