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Behind Apollo’s Rising Distributions

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Dividend declaration

In 1Q17, Apollo Global Management (APO) declared a cash distribution amounting to $0.49 per Class A share, as compared to $0.45 per Class A share in 4Q16. This cash distribution was paid on May 31, 2017.

Apollo intends to distribute all of its distributable earnings after taxes. The company’s payout ratio stands at 86%. In 1Q17, APO’s distributable earnings stood at $108.3 million, as compared to $107.1 million in 4Q16.

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APO declared a cash distribution of $0.43 per Series A preferred share, which was paid on June 15, 2017. In 1Q17, one million shares were repurchased in the open market, and 3.6 million shares of employees were repurchased. In 1Q17, it used $74 million of capital for repurchasing 4.6 million shares, paying $16.18 per share.

Outperforming competitors

Apollo Global Management (APO) currently offers a higher dividend yield than its alternative asset managing peers (XLF) KKR & Company (KKR), BlackRock (BLK), and Carlyle Group (CG). The dividend yield of Apollo stands at 7.13%. Apollo’s competitors have the following dividend yields:

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