Ares Commercial Real Estate Corp.'s board approved a higher dividend of 28 cents per common share.
The dividend is payable April 17 to shareholders of record as of March 29. The dividend is 1 cent higher than in the previous quarter.
The company also reported net income attributable to common stockholders of $6.2 million, or 22 cents per share, in the fourth quarter of 2017.
The S&P Capital IQ consensus normalized EPS estimate for the last three months of 2017 was 23 cents.
For full year 2017, net income attributable to common stockholders came in at $30.4 million, or $1.07 per share.
The S&P Capital IQ consensus normalized EPS estimate for 2017 was $1.09.
