Apollo’s Dividend to Rise in 2017
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.
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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.
Apollo’s dividend yield is 6.6%. Alternative asset manager (XLF) peers’ are as follows:
Forward annual dividend yield
Apollo has a forward annual dividend yield of 7.2%. Peers’ yields are as follows: