DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 11/03/2023 declared a dividend of $0.3300 per share

Ares Commercial Real Estate Corp (NYSE:ACRE) on 11/03/2023 declared a dividend of $ 0.3300 per share payable on January 17, 2024 to shareholders of record as of December 29, 2023.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 13.6363639832% and has increased its dividends for 7 successive years.

Ares Commercial Real Estate Corp's market cap is $ 524,036,480 and has a PE ratio of 69.14. The stock price closed yesterday at $ 9.68 and has a 52 week low/high of $ 7.52 and $ 12.75.

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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