Apollo Global Management's Preferred Series D Shares Cross 6.5% Yield Mark

In trading on Tuesday, shares of Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D (Symbol: ATH.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $18.64 on the day. This compares to an average yield of 6.45% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ATH.PRD was trading at a 24.96% discount to its liquidation preference amount, versus the average discount of 7.84% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of ATH.PRD shares, versus APO:

Below is a dividend history chart for ATH.PRD, showing historical dividend payments on Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D: Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D (Symbol: ATH.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: APO) are up about 0.1%.

Also see: • Institutional Holders of VINP
• Funds Holding PFH
• PNC Stock Predictions


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