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home / news releases / with recent valuation midcap financial investment re

AFT - With Recent Valuation MidCap Financial Investment Remains A Buy

Apollo Senior Floating Rate Fund Inc.

2024-06-17 09:37:40 ET

Summary

  • MidCap Financial's dividend of $0.38 is supported by net asset cash flow above the dividend amount.
  • Q3 earnings of $0.44 were slightly lower than the previous quarter, likely due to higher interest rates.
  • Management believes the dividend is sustainable for several quarters, regardless of interest rate scenarios.
  • The yield at recent prices remains above 10%, a level that supports a buy rating.

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For further details see:

With Recent Valuation, MidCap Financial Investment Remains A Buy
Stock Information
Company Name: Apollo Senior Floating Rate Fund Inc.
Stock Symbol: AFT
Market: NYSE
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