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Apollo Commercial Real Estate Finance's Series A Preferred Stock Crosses Above 8.5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Friday, shares of Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: ARI.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1564), with shares changing hands as low as $25.04 on the day. This compares to an average yield of 6.98% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, ARI.PRA was trading at a 2.00% premium to its liquidation preference amount, versus the average premium of 2.65% in the "Real Estate" category.

The chart below shows the one year performance of ARI.PRA shares, versus ARI:

Performance Comparison Chart

Below is a dividend history chart for ARI.PRA, showing historical dividend payments on Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock :

ARI.PRA+Dividend+History+Chart

In Friday trading, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: ARI.PRA) is currently down about 0.2% on the day, while the common shares (Symbol: ARI) are off about 0.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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