Apollo Reports First Quarter 2023 Results
NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the first quarter ended March 31, 2023.
Marc Rowan, Chief Executive Officer at Apollo said, “The consequences of the past decade-plus of artificially low interest rates were on full display in the first quarter. While the traditional banking model navigates certain challenges, the role of private markets in financing the broader economy becomes increasingly important. We’ve chosen a market that is differentiated within our industry – senior secured, safe yield at the top of the capital structure – that positions us well for the many evolving opportunities in this environment. We have tremendous runway in front of us and we’re highly focused on executing the attractive growth plan we laid out at the beginning of the year.”
Apollo issued a full detailed presentation of its first quarter ended March 31, 2023 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 $0.43 per share of its Common Stock for the first quarter ended March 31, 2023. This dividend will be paid on May 31, 2023 to holders of record at the close of business on May 22, 2023.
Apollo Asset Management, Inc. (NYSE: AAM PrA, AAM PrB) has declared a cash dividend of $0.398438 per share of each of its Series A Preferred shares and Series B Preferred shares, which will be paid on June 15, 2023 to holders of record at the close of business on June 1, 2023.
The declaration and payment of dividends on Common Stock, Series A Preferred shares and Series B Preferred shares are at the sole discretion of Apollo Global Management, Inc.’s and Apollo Asset Management, Inc.’s respective board of directors, as applicable. Apollo cannot assure its stockholders that they will receive any dividends in the future.
Conference Call
Apollo will host a public audio webcast on Tuesday, May 9, 2023 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, 2023.
The webcast may be accessed at: ir.apollo.com. For those unable to listen to the live broadcast, there will be a replay of the webcast available at the same link one hour after the event.
Apollo distributes its earnings releases via its website and email distribution lists. Those interested in receiving firm updates by email can sign up for them at ir.apollo.com.
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