From Nasdaq: 2025-05-13 07:25:00

Three alternative asset managers are increasing dividends as the industry grows, now accounting for 15% of global assets under management, with a projected 10% annual growth rate through 2029. KKR raises dividends by 5.7%, aiming to reach $1 trillion in AUM by 2030. Apollo boosts dividends by 10% after strong Q1 earnings. Blue Owl raises dividends by 25% with a 4.9% yield, focusing on credit strategies and unique investment approaches. 1. The stock market surged today, with the S&P 500 hitting a record high of 4,352.34. Tech stocks like Apple and Microsoft led the way, driving the NASDAQ up by 2.3%. The Dow Jones also saw gains, closing up 1.8% at 34,696.89.

2. In other news, the unemployment rate fell to 5.9% in June, marking a significant drop from the previous month. The economy added 850,000 jobs, exceeding expectations. This positive trend indicates a strong recovery from the impact of the pandemic on the job market.

3. COVID-19 cases continue to rise in certain states, with Florida reporting over 23,000 new cases in a single day. Hospitalizations are also increasing, putting a strain on healthcare systems. Officials are urging residents to get vaccinated and follow safety guidelines to curb the spread of the virus.



Read more at Nasdaq:: 3 Alternative Asset Managers Are Raising Dividends by 5% to 25%