Ares Commercial Real Estate (ACRE) Declares $0.33 Quarterly Dividend; 14.4% Yield
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Ares Commercial Real Estate Corporation Declares Second Quarter 2020 Dividend
June 19, 2020 6:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (ACRE or the Company) (NYSE: ACRE) declared a second quarter 2020 cash dividend of $0.33 per common share. The dividend is payable on July 15, 2020 to stockholders of record as of the close of business on June 30, 2020.
When evaluating our second quarter dividend, we considered several factors, including further improving our liquidity position from anticipated loan sales, our second quarter core earnings from operations outlook, and projected future cash flows, said Bryan Donohoe, Chief Executive Officer of ACRE. During the current market disruption, we will continue to evaluate... More
