Apollo Commercial Real Estate Finance (ARI) Lowers Quarterly Dividend 12.5% to $0.35; 13.8% Yield

Apollo Commercial Real Estate Finance (NYSE: ARI) declared a quarterly dividend of $0.35 per share, or $1.4 annualized. This is a 12.5% decrease from the prior dividend of $0.40.

The dividend will be payable on July 15, 2020, to stockholders of record on June 30, 2020, with an ex-dividend date of June 29, 2020.

The annual yield on the dividend is 13.8 percent.

Commenting on the dividend, Stuart Rothstein, Chief Executive Officer and President of the Company, said: “Consistent with prior quarters, ARI’s Board of Directors considers multiple factors when setting the dividend, including, most notably, the level of Operating Earnings the loan portfolio is expected to produce. We believe ARI’s second quarter dividend appropriately reflects the earnings power of the Company’s loan portfolio as we continue to navigate the impacts on the global economy from the COVID-19 pandemic.”

For a dividend history and other dividend-related data on Apollo Commercial Real Estate Finance (ARI) click here.

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