This morning, Ares Commercial Real Estate (NYSE:ACRE) declared its quarterly dividend of 25 cents per share, maintaining the amount paid to shareholders the last quarter. Based on the current stock price, investors can expect a yield of about 7.8% going forward. Shares of Ares Commercial were lower with the markets today, falling 1.1%.
In other dividend news, Emerson Electric (NYSE:EMR) maintained its quarterly dividend of 41 cents per share. Automatic Data Processing (NASDAQ:ADP) maintained its quarterly dividend of 43.5 cents per share. Transocean (NYSE:RIG) maintained its quarterly dividend of 56 cents per share. Plum Creek Timber (NYSE:PCL) maintained its quarterly dividend of 44 cents per share.
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