NEW YORK - Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI), a real estate investment trust, declared on Tuesday a quarterly dividend of $0.35 per share of common stock. The dividend is slated for payment on April 15, 2024, to shareholders of record as of March 28, 2024.
The company specializes in originating, acquiring, investing in, and managing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It is managed by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management (NYSE:APO), Inc., a global alternative asset manager with assets under management totaling approximately $651 billion as of December 31, 2023.
This announcement follows the company's operational strategy and reflects its ongoing commitment to provide returns to its investors. Dividends are a regular part of the company's relationship with its shareholders and are subject to declaration by the company's Board of Directors.
Investors are often attentive to such declarations as they can influence the performance of the company's stock and indicate the company's financial health and stability. The declaration of dividends is also a signal of the company's ability to generate cash flow and its prospects for future earnings.
Apollo Commercial Real Estate Finance, Inc. advises interested parties to visit its website for additional information, noting that the URL address has recently been updated.
The company also made forward-looking statements in the press release, which are based on current beliefs, assumptions, expectations, and are subject to substantial risks and uncertainties. These statements are not guarantees of future performance and are affected by a variety of factors, many of which are beyond the company's control.
The information provided in this article is based on a press release statement from Apollo Commercial Real Estate Finance, Inc. and is intended to inform readers of the dividend declaration and its payment details.
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