Apollo Global Management

Management has balanced reinvestment with returns to shareholders. Over the last twelve months through 2Q25 Apollo returned about 1.7 billion dollars to stockholders via dividends and opportunistic repurchases while allocating roughly 170 million dollars to strategic investments.

The firm repurchased more than 1.3 billion dollars of stock in the last twelve months, and completed the all‑stock acquisition of Bridge Investment Group to scale real estate. Dividend discipline continues with a 0.51 dollar quarterly payout.

We view the mix of internal growth, programmatic M&A in adjacencies, and buybacks to offset SBC as shareholder‑friendly.