NEW YORK, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) today reported results for the fourth quarter and full year ended December 31, 2020.

"The last decade has been a time of remarkable growth for Apollo and we believe our diversified platform has never been stronger. In the past year alone, we have added $124 billion in AUM or 38% – including $22 billion in the last quarter – to bring our total AUM to $455 billion," said Leon Black, Founder, Chairman and Chief Executive Officer. "As part of our firm’s continued development, we are working on enhancements to our corporate governance that, subject to approvals, will be industry leading. In addition, we continue to evolve our leadership structure, including the recent naming of Marc Rowan as my successor as CEO. I have full confidence that Marc, along with Josh, Jim, Scott and our entire leadership team have the experience and acumen to lead our firm forward and continue to deliver industry leading returns.”

"Amidst great uncertainty and a volatile market backdrop, Apollo has once again demonstrated the durability and resilience of our FRE and the strength of our business model," said Josh Harris, Co-Founder. "This year, thanks to the hard work and collaboration among our deep bench of talent, we generated record inflows and invested record amounts of capital across our business."

Apollo issued a full detailed presentation of its fourth quarter and full year ended December 31, 2020 results, which can be viewed through the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders.

Dividends

Apollo has declared a cash dividend of $0.60 per share of its Class A Common Stock for the fourth quarter ended December 31, 2020. This dividend will be paid on February 26, 2021 to holders of record at the close of business on February 19, 2021. Apollo intends to distribute to its Class A common stockholders on a quarterly basis substantially all of its distributable earnings after taxes and related payables in excess of amounts determined by the executive committee of its board of directors to be necessary or appropriate to provide for the conduct of its business and, at a minimum, a quarterly dividend of $0.40 per share.

Apollo has declared a cash dividend of $0.398438 per share of each of its Series A Preferred Stock and Series B Preferred Stock, which will be paid on March 15, 2021 to holders of record at the close of business on March 1, 2021.

The declaration and payment of dividends on Class A Common Stock, Series A Preferred Stock and Series B Preferred Stock are at the sole discretion of the executive committee of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.

About Apollo

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo, among others. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com.