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

Key Points

• Apollo Global Management announced a quarterly dividend of $0.5625 per share (a 10.3% increase from $0.51), payable May 29 to shareholders of record on May 19, implying a yield of about 1.7%.
• The firm reported Q1 EPS of $1.94 (vs. $1.89 consensus) while revenue of $5.06 billion missed estimates and declined 8.8% year‑over‑year.
• The dividend appears well covered with a payout ratio of roughly 21.8%, and analysts expect next‑year EPS of about $10.20, implying an expected payout ratio near 20%.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) 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 yield of 1.7%. The ex-dividend date of this dividend 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 by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Apollo Global Management has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Apollo Global Management to earn $10.20 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 20.0%.

Apollo Global Management Price Performance

NYSE APO traded down $0.71 on Wednesday, hitting $129.59. The company had a trading volume of 4,500,629 shares, compared to its average volume of 5,019,751. The company has a market capitalization of $74.94 billion, a PE ratio of 23.48, a PEG ratio of 1.16 and a beta of 1.52. The company's fifty day moving average price is $113.15 and its 200-day moving average price is $127.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $157.28.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.26 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. As a group, analysts predict that Apollo Global Management will post 8.44 earnings per share for the current year.

Institutional Investors Weigh In On Apollo Global Management

Large investors have recently modified their holdings of the business. Schnieders Capital Management LLC. acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $7,954,000. Baird Financial Group Inc. boosted its position in shares of Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider's stock valued at $2,287,000 after acquiring an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider's stock valued at $949,000 after acquiring an additional 305 shares during the last quarter. Nebula Research & Development LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. boosted its position in shares of Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider's stock valued at $24,542,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors 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.

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