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Ares Commercial Real Estate Corporation (ACRE) Ex-Dividend Date Scheduled for June 26, 2013

Posted
6/25/2013 9:00:00 AM
By: NASDAQ.com News
Referenced Stocks:ACRE;AMT;SPG

Ares Commercial Real Estate Corporation ( ACRE ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $0.25 per share is scheduled to be paid on July 18, 2013. Shareholders who purchased ACRE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that ACRE has paid the same dividend. At the current stock price of $12.71, the dividend yield is 7.87%.

The previous trading day's last sale of ACRE was $12.71, representing a -28.68% decrease from the 52 week high of $17.82 and a 0.47% increase over the 52 week low of $12.65.

ACRE is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). ACRE's current earnings per share, an indicator of a company's profitability, is $.07. Zacks Investment Research reports ACRE's forecasted earnings growth in 2013 as 1612.5%, compared to an industry average of -.4%.

For more information on the declaration, record and payment dates, visit the ACRE Dividend History page.