Ares Commercial Real Estate (NYSE: ACRE) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is a 4% increase from the prior dividend of $0.25.

The dividend will be payable on April 15, 2016, to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016.

The annual yield on the dividend is 10.7 percent.

On February 28, 2016, the Company’s board of directors increased the size of the existing $20.0 million stock repurchase program to $30.0 million and extended the stock repurchase program through March 31, 2017.

For a dividend history and other dividend-related data on Ares Commercial Real Estate (ACRE) click here.