Athene Holding Ltd 7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064

ATHS

Market cap $568M

Apollo Global Management's Athene Holdings preferred stocks remain attractive, with Series D, ATH.PR.D, is rated as the best Buy among four issues. ATH.PR.D offers the most compelling risk/reward based on yield, call protection, and relative valuation versus peers and other Athene series. ATH preferreds benefit from the financial strength of Apollo Global Management, supporting confidence in creditworthiness and dividend stability.

Athene Holdings is a subsidiary of Apollo Global Management. Athene Holding Ltd. Rate Reset Junior Subordinated Debentures due 03/30/2064 is a Note issued by Athene trading under ticker ATHS. Athene Holding Ltd. 6.35% Dep Sh Fix/Float Non-Cumul Pref Shares Ser A is one of the four preferred stocks issued by Athene, trading under ATH.PR.A.

WEST DES MOINES, Iowa, April 29, 2026 (GLOBE NEWSWIRE) -- Athene announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on June 30, 2026 to holders of record as of June 15, 2026.

Athene Holding Ltd. preferreds remain highly attractive, backed by Apollo Global and boasting exceptional financial strength, with recent call activity further underscoring issuer strength. ATH preferreds offer robust dividend (26x) and capital (14x) coverage ratios, minimizing the risk of non-payment or default. All ATH preferreds are rated BBB with non-cumulative dividends and competitive yields versus peers like MetLife and Prudential.

Athene Holding 7.25% junior subordinated debentures offer a 7.0% yield with strong safety thanks to the company's robust financials. ATHS is a market leader in retirement services, boasting $400B+ in assets, strong growth, and high barriers to entry in its core channels. Lower interest rates are expected to support bond prices, but future inflation and Fed policy shifts present risks to real yields and bond appreciation.