Monthly Dividend Stocks #3: Apollo Tactical Income Fund (AIF)
AIF Dividend Yield: 7.87%
In the same dividend stocks family, we have Apollo Tactical Income Fund (AIF).
IAF takes the senior loan concept but diversifies it by adding in high-yield bonds with shorter durations than most of the junk bond market.
The “tactical” description refers to the dividend stocks’ ability to allocate the balance between loans and bonds depending on market conditions.