Tuesday Is Your Last Chance To Buy Apollo Senior Floating Before The Dividend Payout
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 March 28, 2024. The stock is expected to open 13.7 cents lower on the ex-dividend date.
March 15, 2024 | 2:45 pm
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Apollo Senior Floating (AFT) will pay a 13.7 cents/share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The stock is likely to open lower on the ex-dividend date as the dividend payout is factored into the stock price, which could lead to a short-term decrease in stock value. However, the impact is typically temporary and reflects the dividend distribution rather than a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100