Apollo Commercial Real Estate Finance (NYSE: ARI) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on January 15, 2015, to stockholders of record on December 31, 2014, with an ex-dividend date of December 29, 2014.

The annual yield on the dividend is 9.7 percent.

For a dividend history and other dividend-related data on Apollo Commercial Real Estate Finance (ARI) click here.