Apollo Global Management (APO) Boosts Dividend by 7.6%: A New Era for Crypto Investment

• Apollo Global Management, Inc. (APO) has announced a 7.6% increase in its quarterly dividend, marking the eighth increase in the past five years.
• The company’s payout ratio is 28% of earnings, indicating a balance between reinvestment and shareholder returns.
• Alongside regular dividends, APO has a share repurchase program, with $2.49 billion shares remaining under the current authorization.

Apollo Global Management increases quarterly dividend by 7.6%, demonstrating its commitment to delivering shareholder value while maintaining a strong liquidity position for future growth initiatives.

Apollo Global Management Announces Dividend Increase

Apollo Global Management, Inc. (APO) has declared a quarterly cash dividend of 46 cents per share, marking a 7.6% increase from the previous payout. This dividend will be paid out on May 31 to shareholders of record as of May 17. Over the past five years, APO has increased its dividend eight times, with the most recent hike prior to this being a 7.5% increase to 43 cents per share in February 2023.

Strong Liquidity Position and Share Repurchase Program

APO maintains a solid liquidity position, with total cash and cash equivalents of $2.46 billion as of March 31, 2024, and total debt standing at $3.6 billion. The company also has a share repurchase program in place, with $2.49 billion shares remaining available under the current authorization. ... Read the full article for FREE at COINOTAG!