Apollo Global Management Inc. (NYSE:APO) Plans Quarterly Dividend of $0.56

Apollo Global Management Inc. (NYSE:APO – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.5625 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th.

Apollo Global Management has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Apollo Global Management has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Apollo Global Management to earn $10.01 per share next year, which means the company should continue to be able to cover its $2.25 annual dividend with an expected future payout ratio of 22.5%.

Get Apollo Global Management alerts:

Apollo Global Management Trading Up 2.8%

Shares of NYSE:APO traded up $3.61 during mid-day trading on Tuesday, reaching $133.03. The stock had a trading volume of 5,307,565 shares, compared to its average volume of 4,633,710. The firm has a market cap of $76.70 billion, a PE ratio of 84.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. The firm has a 50 day simple moving average of $125.36 and a two-hundred day simple moving average of $123.03. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $153.29.

Apollo Global Management (NYSE:APO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. During the same quarter last year, the firm posted $1.92 EPS. On average, research analysts predict that Apollo Global Management will post 8.18 EPS for the current fiscal year.

Apollo Global Management Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Apollo Global Management
• System Upgrade: First Internet Bancorp Options Surge
• AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
• The AI Chip Blockade Is Creating a Shadow Market
• Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.