Apollo Global Management (APO) DIvidends Date & History

Key Takeaways

• Apollo Global Management offers a forward dividend yield of 1.56%, paid quarterly at $0.51 per share.
• The payout ratio stands at approximately 36%, indicating strong sustainability backed by earnings and free cash flow.
• Recent dividend growth of 10.27% over the past year highlights a commitment to increasing shareholder returns.
• Free cash flow payout ratio is low at around 16%, providing ample coverage for future increases.
• Compared to peers, APO's yield is modest but safer due to conservative payout.
• Suitable for dividend growth investors seeking stability in asset management.

Dividend Overview

Apollo Global Management, Inc. (APO) maintains a quarterly dividend policy, with a forward annual dividend of $2.04 per share, delivering a yield of 1.56% based on recent trading levels. The most recent ex-dividend date was February 19, 2026, for a payment of $0.51 per share on February 27, 2026. This positions APO as a modest-yield dividend stock rather than a high-yield play, emphasizing sustainability over aggressive payouts. With a history of payments spanning over 15 years, the company appeals to investors prioritizing consistent income in the asset management sector. The trailing yield is slightly higher at 1.58%, and the five-year average yield is 2.16%, reflecting variability tied to share price appreciation.

Dividend History and Growth

Apollo Global Management has paid dividends quarterly since its public listing, demonstrating consistency without cuts. The annual dividend has grown steadily, with a 10.27% increase over the past year and positive growth over three years. Recent hikes include a move from $0.43 to $0.51 per share, underscoring a strategy to reward shareholders amid expanding assets under management. While not a Dividend Aristocrat with a 25-year streak, APO has raised payouts in most recent years, aligning with its transition to a more fee-related earnings model for predictable cash flows.

Dividend Sustainability and Payout Ratio

The dividend's sustainability is robust, with a payout ratio of 35.97% to 36.84% of earnings, leaving significant room for growth or reinvestment. Free cash flow (FCF) coverage is even stronger, at a low 16.2% payout ratio, supported by $6.32 billion in annual FCF for 2023 and continued operating cash flow growth to $7.25 billion trailing twelve months. Debt levels are manageable in the context of the firm's business model, and earnings per share comfortably cover distributions. This conservative approach mitigates risks in cyclical markets, positioning the dividend as secure for the foreseeable future.

Dividend Compared to Industry Peers

In the asset management and private equity industry, APO's 1.56% yield trails higher-yielding peers like Blackstone Inc. (BX) at 4.71% and The Carlyle Group Inc. (CG) around 2.8%. KKR & Co. Inc. (KKR) offers a comparable modest yield but with higher payout ratios near 60-70% for some competitors. APO's lower yield reflects its focus on growth and lower payout (36% vs. peers' 50-65%), making it relatively conservative amid sector volatility.

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Is This Stock Attractive for Dividend Investors?

Apollo Global Management (APO) suits dividend growth investors who prioritize sustainability over high immediate yields. Its low 36% payout ratio and strong FCF generation provide a buffer for future raises, appealing to those with a long-term horizon in the asset management space. Conservative investors may appreciate the consistency without cuts over 15 years and coverage exceeding 2x via cash flows. However, income seekers chasing 4%+ yields might look elsewhere, as APO's 1.56% yield is modest compared to peers. Total return potential from capital appreciation, driven by fee-related earnings growth, complements the dividend for balanced portfolios. Overall, it fits growth-oriented dividend strategies amid economic uncertainty.

Disclaimer

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