Ares Commercial Real Estate Corporation Declares Third Quarter 2020 Dividend
Ares Commercial Real Estate Corporation ("ACRE") (NYSE:ACRE) announced today that it declared a third quarter 2020 cash dividend of $0.33 per common share payable on October 15, 2020 to stockholders of record as of the close of business on September 30, 2020.
"We considered multiple factors in our third quarter dividend declaration, including our outlook for third quarter earnings, current cash balance of $84 million and our expected overall liquidity position, among other factors," said Bryan Donohoe, Chief Executive Officer of ACRE. "Our loan portfolio continues to perform well with 100% of our loans making their contractual debt service payments for the August and September payment dates."
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