Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend
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BTIG Reiterates Neutral Rating on Apollo Commercial Real Estate Finance (ARI)
September 12, 2024 5:15 AM EDTBTIG analyst Thomas Catherwood reiterated a Neutral rating on Apollo Commercial Real Estate Finance (NYSE: ARI).
The analyst comments " On 9/11/24, ARI declared a dividend of $0.25/sh for 3Q24; this represents a (28.6%) cut vs. the company's prior quarterly dividend of $0.35/sh, and ARI's first dividend cut since the throes of the pandemic in 2Q20. The company's press release was mum on specifics, noting that the new dividend level "reflects the impact to operating earnings from ARIs focus loans as well as anticipated declines in floating interest... More
