DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 08/02/2023 declared a dividend of $0.3300 per share

Ares Commercial Real Estate Corp (NYSE:ACRE) on 08/02/2023 declared a dividend of $ 0.3300 per share payable on October 17, 2023 to shareholders of record as of September 29, 2023. Dividend amount recorded is a decrease of $ 0.02 from last dividend Paid.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 12.6558008194% and has increased its dividends for 7 successive years.

Ares Commercial Real Estate Corp's market cap is $ 569,551,010 and has a PE ratio of 74.50. The stock price closed yesterday at $ 10.43 and has a 52 week low/high of $ 7.52 and $ 14.01.

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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