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Cash Dividend On The Way From Apollo Investment (AINV)
Monday, June 17, 10:22 AM ET, by Market News Video Staff

On 6/19/19, Apollo Investment Corporation (AINV) will trade ex-dividend, for its quarterly dividend of $0.45, ...

This Stock Has A 11.24% Yield And Sells For Less Than Book
Thursday, June 20, 7:25 AM ET, by Market News Video Staff

Apollo Investment Corporation (AINV) has been named as a Top 10 dividend-paying financial stock, according ...

Apollo Investment About To Put More Money In Your Pocket (AINV)
Tuesday, September 17, 10:01 AM ET, by Market News Video Staff

On 9/19/19, Apollo Investment Corporation (AINV) will trade ex-dividend, for its quarterly dividend of $0.45, ...

This Stock Has A 10.98% Yield And Sells For Less Than Book
Friday, September 20, 8:16 AM ET, by Market News Video Staff

Apollo Investment Corporation (AINV) has been named as a Top 10 dividend-paying financial stock, according ...

Apollo Investment Breaks Below 200-Day Moving Average - Notable for AINV
Wednesday, October 2, 2:16 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Apollo Investment Corporation (AINV) crossed below their 200 day ...

This Stock Has A 23.14% Yield, Sells For Less Than Book, and Insiders Have Been Buying

By Dividend Channel Staff, Friday, March 20, 3:55 PM ET
Play Video: The Importance of Insider Buying


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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Apollo Investment Corporation (NASDAQ:AINV), which saw buying by Director Elliot Stein Jr..

Back on March 13, Stein Jr. invested $23,000.00 into 2,000 shares of AINV, for a cost per share of $11.50. In trading on Friday, bargain hunters could buy shares of Apollo Investment Corporation (NASDAQ:AINV) and achieve a cost basis 33.8% cheaper than Stein Jr., with shares changing hands as low as $7.61 per share. It should be noted that Stein Jr. has collected $0.45/share in dividends since the time of their purchase, so they are currently down 29.9% on their purchase from a total return basis. Apollo Investment Corporation shares are currently trading +0.64% on the day. The chart below shows the one year performance of AINV shares, versus its 200 day moving average:

Apollo Investment Corporation Chart

Looking at the chart above, AINV's low point in its 52 week range is $5.20 per share, with $18.33 as the 52 week high point — that compares with a last trade of $7.87. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/08/2019 Howard Widra Chief Executive Officer 15,000 $16.47 $247,050.00
11/08/2019 Elliot Stein Jr. Director 6,684 $16.46 $110,018.64
03/12/2020 Howard Widra Chief Executive Officer 20,000 $11.18 $223,600.00
03/13/2020 Elliot Stein Jr. Director 2,000 $11.50 $23,000.00

The DividendRank report noted that among the coverage universe, AINV shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AINV share price of $7.78 represents a price-to-book ratio of 0.4 and an annual dividend yield of 23.14% — by comparison, the average company in Dividend Channel's coverage universe yields 7.2% and trades at a price-to-book ratio of 1.2. The report also cited the strong quarterly dividend history at Apollo Investment Corporation, and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Apollo Investment Corporation is $1.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/19/2020. Below is a long-term dividend history chart for AINV, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


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