Ares Commercial Real Estate (ACRE) Raises Quarterly Dividend 4% to $0.26; Boosts Buyback Plan
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Ares Commercial Real Estate Corporation Reports Fourth Quarter and Record Full-Year 2015 Results
March 1, 2016 6:30 AM ESTFourth quarter net income of $8.9 million or $0.31 per diluted common share
Record full-year 2015 net income of $34.3 million or $1.20 per diluted common share
- Subsequent to end of fourth quarter -
Increased first quarter 2016 dividend to $0.26 per common share
Expands stock repurchase program to $30 million
DECEMBERÂ 31, 2015 FINANCIAL RESULTS
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company, ACRE, we, or our) (NYSE: ACRE), a specialty finance company primarily... More
