Ares Commercial Real Estate Corporation (ACRE) Ex-Dividend Date Scheduled for September 28, 2015
Ares Commercial Real Estate Corporation ( ACRE ) will begin trading ex-dividend on September 28, 2015. A cash dividend payment of $0.25 per share is scheduled to be paid on October 15, 2015. Shareholders who purchased ACRE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that ACRE has paid the same dividend. At the current stock price of $12.57, the dividend yield is 7.96%.
The previous trading day's last sale of ACRE was $12.57, representing a -4.63% decrease from the 52 week high of $13.18 and a 15.28% increase over the 52 week low of $10.90.
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 $1.01. Zacks Investment Research reports ACRE's forecasted earnings growth in 2015 as 35.76%, compared to an industry average of -4%.
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