Apollo Commercial Real Estate Finance, Inc. Announces Quarterly Dividend on Common Stock

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced that its Board of Directors has declared a dividend of $0.25 per share of common stock, payable on October 15, 2024, to common stockholders of record on September 30, 2024.

Stuart Rothstein, Chief Executive Officer and President of ARI, commented on the dividend: “In setting the dividend each quarter, the Board considers several factors, focusing on paying shareholders a consistent quarterly dividend supported by operating results. The Board’s decision to set the dividend at $0.25 per common share reflects the impact of ARI’s Focus Loans on operating results as well as the expected declines in variable interest rates indicated by the forward curves. As ARI’s Focus Loans unwind, the Company should benefit from Apollo’s active pipeline of new variable rate lending opportunities and the opportunity to reallocate capital to investments with increased operating income potential.”