Should You Buy Apollo Global Management, Inc. (NYSE:APO) For Its Upcoming Dividend?

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Apollo Global Management (NYSE:APO) is set to trade ex-dividend in two days, with a payment of US$0.51 per share, totaling US$2.04 over the last year for a 1.6% trailing yield. The company’s dividend payout ratio is a modest 35% of profit, and its earnings have grown significantly at 68% per annum over the past five years. However, its dividend payments per share have declined by 3.4% annually over the last decade, suggesting a potential focus on reinvestment over dividend growth.

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