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Cash Dividend On The Way From Apollo Commercial Real Estate Finance Series A Cumulative Redeemable Perpetual Preferred Stock

On 9/28/15, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: ARI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5391, payable on 10/15/15. As a percentage of ARI.PRA's recent share price of $26.18, this dividend works out to approximately 2.06%, so look for shares of ARI.PRA to trade 2.06% lower - all else being equal - when ARI.PRA shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 8.22%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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 dividends prior to the most recent $0.5391 on Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock :

ARI.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Apollo Commercial Real Estate Finance Inc. (Symbol: ARI) makes up 3.04% of the Mortgage REIT Income ETF ( MORT ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: ARI.PRA) is currently off about 0.3% on the day, while the common shares (Symbol: ARI) are down about 0.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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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