3/12 buy : Apollo Investment Corporation (AINV) @ $2.31

ex-dividend date 3/17/09

dividend  $0.26  (44%)

payable   4/2/09

Apollo Investment Corporation (Apollo Investment) is a closed-end, non-diversified management investment company that has filed an election to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act). The investment objective of the Company is to generate both current income and capital appreciation through debt and equity investments. Apollo Investment invests primarily in middle-market companies in the form of mezzanine and senior secured loans, as well as by making direct equity investments in companies. The Company also invests in the securities of public companies, as well as public companies whose securities are thinly traded. During the fiscal year ended March 31, 2008 (fiscal 2008), the Company invested $1.8 billion across 27 new and existing portfolio companies. The investment advisor of the Company is Apollo Investment Management (AIM).

Company Contact

Headquarters:9 West 57th Street, 41st Floor, New York, NY 10019

Web Address: http://www.apolloic.com/

S&P 500 companies expected to cut dividends 13.3%

Standard & Poor's Index Services expects companies listed in the S&P 500 to cut dividends 13.3% this year. That would make 2009 the worst for dividend payouts since 1942. Experts offer advice on how best to deal with the declining dividends.

more at

http://images.businessweek.com/ss/09/02/0213_dividends/index.htm

Ex-dividend within next 7 days

Yields > 4% only, ave daily vol > 300,000

  

Stock Symbol - Company Name  - Dividend Yield (%) - Ex-dividend date

PWE	Penn West Energy Trust	27.43%	1/28/09
SSW	Seaspan Corporation	20.08%	1/29/09
CPNO	Copano Energy, L.L.C.	16.27%	1/29/09
BTE	Baytex Energy Trust (CAN)	13.83%	1/28/09

FAX

Aberdeen Asia-Pacific Income Fund, Inc.

9.13%

1/28/09

OHI

Omega Healthcare Investors, Inc.

8.14%

1/28/09

DNP	DNP Select Income Fund Inc.	6.18%	1/28/09
ZNT	Zenith National Insurance Corp.	6.00%	1/28/09
NCX	NOVA Chemicals Corporation (USA)	5.94%	1/28/09
OKE	ONEOK, Inc.	5.60%	1/28/09
LNT	Alliant Energy Corporation	5.02%	1/28/09

TPP	TEPPCO Partners, L.P.	12.10%	1/28/09
NNN	National Retail Properties, Inc.	9.55%	1/28/09
EPD	Enterprise Products Partners L.P.	9.50%	1/28/09
PAA	Plains All American Pipeline, L.P.	9.45%	1/30/09
EPE	Enterprise GP Holdings L.P.	9.27%	1/28/09
NI	NiSource Inc.	8.59%	1/28/09
STD	Banco Santander, S.A. (ADR)	8.51%	1/28/09
WY	Weyerhaeuser Company	8.17%	1/28/09
MS	Morgan Stanley	6.93%	1/28/09
OKE	ONEOK, Inc.	5.60%	1/28/09
PAYX	Paychex, Inc.	4.88%	1/28/09
SO	The Southern Company	4.80%	1/29/09
CAG	ConAgra Foods, Inc.	4.47%	1/28/09

Ex-dividend date within the next 7 days

Yields > 3% only, ave daily vol > 300,000, rated at least 3 S&P stars (out of 5)

Stock Symbol - Company Name                  -     Dividend Yield (%)      -       Ex-dividend date

HTE	Harvest Energy Trust (USA)	34.26%	1/21/09
SNH	Senior Housing Properties Trust	9.41%	1/20/09
RRD	R.R. Donnelley & Sons Company	8.37%	1/21/09
WSM	Williams-Sonoma, Inc.	5.75%	1/22/09
RY	Royal Bank of Canada (USA)	5.43%	1/22/09
PNM	PNM Resources, Inc.	4.70%	1/21/09
SI	Siemens AG (ADR)	3.57%	1/23/09