In trading on Tuesday, shares of Apollo Global Management Inc (new's 6.75% Series A Mandatory Convertible Preferred Stock (Symbol: APO.PRA) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $3.3752), with shares changing hands as low as $74.74 on the day. This compares to an average yield of 6.66% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, APO.PRA was trading at a 51.12% premium to its liquidation preference amount, versus the average discount of 10.78% in the "Financial" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.5052 - 0.6062.
Institutional Holders of FFTG
AXID Videos
The chart below shows the one year performance of APO.PRA shares, versus APO:
Below is a dividend history chart for APO.PRA, showing historical dividend payments on Apollo Global Management Inc (new's 6.75% Series A Mandatory Convertible Preferred Stock:
In Tuesday trading, Apollo Global Management Inc (new's 6.75% Series A Mandatory Convertible Preferred Stock (Symbol: APO.PRA) is currently off about 1.1% on the day, while the common shares (Symbol: APO) are off about 1.4%.
Also see:
Institutional Holders of HLX Institutional Holders of FFTG
AXID Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
