Apollo Global Management Inc. (APO) to Issue Quarterly Dividend of $0.51 on February 27th

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Monday, February 9th. Stockholders of record on Thursday, February 19th will be given a dividend of 0.51 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, February 19th.

Apollo Global Management has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Apollo Global Management has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Apollo Global Management to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 21.6%.

Apollo Global Management Stock Down 0.3%

Shares of NYSE APO opened at $124.99 on Tuesday. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $164.22. The stock has a market cap of $72.55 billion, a P/E ratio of 22.64, a PEG ratio of 1.08 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $140.75 and its 200-day simple moving average is $135.62.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $2.39 EPS. Apollo Global Management’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management will post 8 EPS for the current fiscal year.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.