DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 05/03/2022 declared a dividend of $0.3500 per share

Ares Commercial Real Estate Corp (NYSE:ACRE) on 05/03/2022 declared a dividend of $ 0.3500 per share payable on July 15, 2022 to shareholders of record as of June 30, 2022.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 8.9552240372% and has increased its dividends for 6 successive years.

Ares Commercial Real Estate Corp's market cap is $ 696,052,280 and has a PE ratio of 10.38. The stock price closed yesterday at $ 14.74 and has a 52 week low/high of $ 13.48 and $ 16.98.

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 (CRE) loans and related investments. Co. is externally managed by Ares Commercial Real Estate Management LLC, a subsidiary of Ares Management Corporation. Co.'s target investments primarily include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities.

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