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DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 02/20/2020 declared a dividend of $0.3300 per share

February 20, 2020

Ares Commercial Real Estate Corp (NYSE:ACRE) on 02/20/2020 declared a dividend of $ 0.3300 per share payable on April 15, 2020 to shareholders of record as of March 31, 2020.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 7.7647061348% and has increased its dividends for 4 successive years.

Ares Commercial Real Estate Corp's market cap is $ 490,722,000 and has a PE ratio of 13.08. The stock price closed yesterday at $ 17.00 and has a 52 week low/high of $ 13.99 and $ 17.10.

Ares Commercial Real Estate is a holding company. Through its subsidiaries, Co. is a finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Through Ares Commercial Real Estate Management LLC, an investment adviser and a subsidiary of Ares Management Corporation, it has investment personnel located across the U.S. and Europe who directly source new loan opportunities for Co. with owners, operators and sponsors of commercial real estate (CRE) properties. Co.'s target investments primarily include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities.

For more information on Ares Commercial Real Estate Corp click here.

Ares Commercial Real Estate Corp current dividend information as per the date of this press release is:
Dividend Declaration Date: February 20, 2020
Dividend Ex Date: March 30, 2020
Dividend Record Date: March 31, 2020
Dividend Payment Date: April 15, 2020
Dividend Amount: $ 0.3300
 
 

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