Looking at the universe of stocks we cover at Dividend Channel , on 12/17/15, Apollo Investment Corporation (Symbol: AINV) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 1/5/16. As a percentage of AINV's recent stock price of $5.05, this dividend works out to approximately 3.96%, so look for shares of Apollo Investment Corporation to trade 3.96% lower - all else being equal - when AINV shares open for trading on 12/17/15.
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 15.84% 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 $4.78 per share, with $8.03 as the 52 week high point - that compares with a last trade of $5.06.
According to the ETF Finder at ETF Channel, AINV makes up 4.42% of the BDC Income ETF (Symbol: BIZD) which is trading higher by about 0.7% on the day Tuesday.
In Tuesday trading, Apollo Investment Corporation shares are currently up about 2.6% 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.