In trading on Tuesday, shares of Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D (Symbol: ATH.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $18.64 on the day. This compares to an average yield of 6.45% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ATH.PRD was trading at a 24.96% discount to its liquidation preference amount, versus the average discount of 7.84% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Free Report: Top 8%+ Dividends (paid monthly)
Funds Holding PFH
PNC Stock Predictions
The chart below shows the one year performance of ATH.PRD shares, versus APO:
Below is a dividend history chart for ATH.PRD, showing historical dividend payments on Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D:
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Apollo Global Management Inc (new's 4.875% Dep Sh Rate Non-Cumul Pref Shares Ser D (Symbol: ATH.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: APO) are up about 0.1%.
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Institutional Holders of VINP Funds Holding PFH
PNC Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
