07 Apr Stock Alert: Ares Commercial Real Estate Surges; To Pay Dividend
(RTTNews) – Ares Commercial Real Estate Corp (ACRE) shares are rising after the company confirmed the payment of the first-quarter dividend it announced in February.
On February 20, the company had recommended the dividend.
Today, the real estate firm said the dividend of $0.33 will be paid on April 15, to shareholders of record on March 31.
The shares gapped up on Tuesday morning and are currently at $6.43, up 27.08 percent from its previous close of $5.06.
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