DIVIDEND ANNOUNCEMENT: Ares Commercial Real Estate Corp (NYSE:ACRE) on 02/22/2024 declared a dividend of $0.2500 per share

Ares Commercial Real Estate Corp (NYSE:ACRE) on 02/22/2024 declared a dividend of $ 0.2500 per share payable on April 16, 2024 to shareholders of record as of March 28, 2024. Dividend amount recorded is a decrease of $ 0.08 from last dividend Paid.

Ares Commercial Real Estate Corp (NYSE:ACRE) has paid dividends since 2012, has a current dividend yield of 16.1172180176% and has increased its dividends for 0 successive years.

Ares Commercial Real Estate Corp's market cap is $ 443,373,840 and has a PE ratio of 58.50. The stock price closed yesterday at $ 8.19 and has a 52 week low/high of $ 7.52 and $ 11.79.

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.

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