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A Look at Apollo Global Management's 2Q17 Earnings

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Part 5
A Look at Apollo Global Management's 2Q17 Earnings PART 5 OF 8

Apollo’s Dividend to Rise in 2017

Rising dividend

Apollo Global Management (APO) is expected to declare a dividend of $1.95 per share in 2017, a 56% increase from 2016. In October 2016, February 2017, and April 2017, the company declared quarterly dividends of $0.35, $0.45, and $0.49 per share, respectively. The company declared a quarterly dividend of $0.52 per share on August 2, 2017, to be paid on August 31, 2017.

Apollo&#8217;s Dividend to Rise in 2017

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In 2Q17, Apollo managed to post distributable earnings after tax of $246.2 million, compared with $161.3 million in 2Q16.

Dividend yields

Apollo’s dividend yield is 6.6%. Alternative asset manager (XLF) peers’ are as follows:

  • The Carlyle Group (CG): 1.8%
  • KKR (KKR): 3.5%
  • The Blackstone Group (BX): 6.4%

Forward annual dividend yield

Apollo has a forward annual dividend yield of 7.2%. Peers’ yields are as follows:

  • KKR (KKR): 3.5%
  • The Carlyle Group (CG): 5.4%
  • The Blackstone Group (BX): 6.4%
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