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Apollo Tactical Income's Ex-Dividend Date Is Monday, Here's What You Need To Know

Benzinga ·  10/18/2023 22:45

Friday marks the last chance for investors to receive the next dividend payout from Apollo Tactical Income (NYSE:AIF). What's HappeningThe company announced on Thursday that it would pay shareholders a monthly dividend of 12.5 cents per share. On Monday, Apollo Tactical Income will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.5 cents lower than it would have opened on any other day.In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this

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