Apollo Global Management Inc. (APO) to Issue Quarterly Dividend of $0.56 on May 29th

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.5625 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. This is a 10.3% increase from Apollo Global Management’s previous quarterly dividend of $0.51.

Apollo Global Management has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Apollo Global Management has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Apollo Global Management to earn $10.12 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 22.2%.

Apollo Global Management Stock Down 0.2%

Shares of NYSE:APO opened at $135.23 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $77.96 billion, a PE ratio of 86.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $157.28. The firm has a 50 day simple moving average of $116.51 and a 200 day simple moving average of $127.73.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, research analysts expect that Apollo Global Management will post 8.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Chesapeake Asset Management LLC increased its stake in shares of Apollo Global Management by 3.6% during the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 72 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 78 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Apollo Global Management by 0.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 80 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 82 shares during the last quarter. Finally, United Advisor Group LLC increased its stake in shares of Apollo Global Management by 4.7% during the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.