08.11.2016 13:41:22
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Apollo Investment Q2 Net Investment Income/shr Sequentially Rises
(RTTNews) - Apollo Investment Corp. (AINV) reported that its net investment income was $0.18 per share for the second-quarter ended September 30, 2016, compared to $0.16 per share for the quarter ended June 30, 2016. The Company's net asset value ("NAV") was $6.95 per share as of September 30, 2016 compared to $6.90 as of June 30, 2016.
Net investment income for the recent quarter was $39.5 million.
On November 7, 2016, the Board of Directors declared a dividend of $0.15 per share, payable on January 5, 2017 to shareholders of record as of December 21, 2016.
In September, the Company announced that its Board of Directors expanded the Company's stock repurchase program by $50 million which increased the total amount available to be repurchased to $150 million.
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