DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 12/15/2020 declared a dividend of $0.3300 per share

Ares Commercial Real Estate Corp (NYSE:ACRE) on 12/15/2020 declared a dividend of $ 0.3300 per share payable on January 15, 2021 to shareholders of record as of December 30, 2020.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 11.0460252762% and has increased its dividends for 4 successive years.

Ares Commercial Real Estate Corp's market cap is $ 399,631,900 and has a PE ratio of 22.55. The stock price closed yesterday at $ 11.95 and has a 52 week low/high of $ 2.78 and $ 17.72.

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 United States 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 investments.

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