Apollo Global Management, Inc. set a $0.5625 quarterly cash dividend for common shareholders, holding the rate steady as it disclosed results for the quarter ended Sept. 30.
Apollo set Nov. 18 as the record date, which determines eligibility for the payment, and scheduled the cash distribution for Nov. 30. The per-share amount is unchanged from the second-quarter dividend.
The previous distribution was also $0.5625 per share, with payment scheduled for Aug. 31 to shareholders of record Aug. 19.
The dividend announcement accompanied Apollo’s third-quarter results. EconoTimes’ report on the results noted that fee-related earnings and assets under management rose from a year earlier, while adjusted net income and spread-related earnings fell. Apollo presented adjusted net income separately from the net loss attributable to common stockholders as a non-GAAP measure.
