Apollo Global Management Inc. (NYSE:APO) Plans $0.51 Quarterly Dividend

Key Points

• Apollo Global Management Inc. has declared a quarterly dividend of $0.51 per share, with stockholders of record receiving the payment on August 29th.
• The company reported $1.72 earnings per share for the quarter, missing analysts' expectations of $1.89 by $0.17.
• Apollo Global Management maintains a payout ratio of 21.8%, indicating its dividend is well covered by earnings projections for the upcoming year.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Monday, August 18th will be paid a dividend of 0.51 per share by the financial services provider on Friday, August 29th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 18th.

Apollo Global Management has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.4%

Shares of NYSE APO opened at $146.13 on Thursday. The business's 50 day moving average is $141.40 and its two-hundred day moving average is $141.96. Apollo Global Management has a 1-year low of $102.14 and a 1-year high of $189.49. The stock has a market capitalization of $83.51 billion, a P/E ratio of 27.31, a PEG ratio of 1.64 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.36.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.23%. The company had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $1.64 EPS. As a group, research analysts expect that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.