Looking at the universe of stocks we cover at Dividend Channel, on 6/19/19, Apollo Investment Corporation (Symbol: AINV) will trade ex-dividend, for its quarterly dividend of $0.45, payable on 7/5/19. As a percentage of AINV's recent stock price of $16.25, this dividend works out to approximately 2.77%, so look for shares of Apollo Investment Corporation to trade 2.77% lower — all else being equal — when AINV shares open for trading on 6/19/19.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AINV is likely to continue, and whether the current estimated yield of 11.08% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AINV shares, versus its 200 day moving average:
Looking at the chart above, AINV's low point in its 52 week range is $12.05 per share, with $18 as the 52 week high point — that compares with a last trade of $16.24.
In Monday trading, Apollo Investment Corporation shares are currently off about 0.2% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.