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

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

Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend

June 16, 2020 4:16 PM EDT

NEW YORK, June 16, 2020 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the Company) (NYSE: ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on July 15, 2020 to common stockholders of record on June 30, 2020. 

Commenting on the dividend, Stuart Rothstein, Chief Executive Officer and President of the Company, said: Consistent with prior quarters, ARIs 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 ARIs second quarter... More