Apollo Commercial Real Estate Finance (ARI) Raises Quarterly Dividend 4.5% to $0.46; 10.7% Yield
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Apollo Commercial Real Estate Finance, Inc. Increases Quarterly Dividend to $0.46 Per Share of Common Stock
December 14, 2015 8:30 AM ESTNEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the Company) (NYSE: ARI) today announced the Board of Directors declared a dividend of $0.46 per share of common stock, which is payable on January 15, 2016 to common stockholders of record on December 31, 2015. This is the second increase of the quarterly dividend per share of common stock in 2015, resulting in a 15% total dividend increase for the year.
Commenting on the announcement, Stuart Rothstein, Chief Executive Officer and President of the Company, said: Due to the successful execution of ARIs business plan in 2015, as well as the... More
