APO - Apollo Reports First Quarter 2024 Results | Benzinga
NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today reported results for the first quarter ended March 31, 2024.
Marc Rowan, Chief Executive Officer at Apollo said, "Our solid FRE and SRE results in the first quarter were on-trend with normalized growth rates for the business. Capital formation and origination activity in the quarter were robust, with inflows and debt origination volume each totaling $40 billion. With visible momentum across the platform, we're confident in our ability to deliver on our financial targets for the year."
Apollo issued a full detailed presentation of its first quarter ended March 31, 2024 results, which can be viewed on Apollo's Investor Relations website at ir.apollo.com.
Dividend
Apollo Global Management, Inc. has declared a cash dividend of $0.4625 per share of its Common Stock for the first quarter ended March 31, 2024. This dividend will be paid on May 31, 2024 to holders of record at the close of business on May 17, 2024.
Apollo Global Management, Inc. has also declared and set aside for payment a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock, which will be paid on July 31, 2024 to holders of record at the close of business on July 15, 2024.
The declaration and payment of dividends on the Common Stock and the Mandatory Convertible Preferred Stock are at the sole discretion of Apollo Global Management, Inc.'s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.
Conference Call
Apollo will host a public audio webcast on Thursday, May 2, 2024 at 8:30 a.m. Eastern Time. During the webcast, members of Apollo's senior management team will review Apollo's financial results for the first quarter ended March 31, 2024.
The webcast may ...