5 Best and Reliable High Dividend REITs to Buy Now

2. Ares Commercial Real Estate Corporation (NYSE:ACRE)

Dividend Yield as of August 23: 9.75%

Ares Commercial Real Estate Corporation (NYSE:ACRE) reported strong earnings in Q2 2022, posting revenue of $25.1 million which shows a 7% growth from the same period last year. At the end of June, the REIT had $25.6 million available in cash and cash equivalents, and its total assets came in at $2.7 billion. In the first half of the year, it paid over $19 million in dividends to shareholders, up from $16.6 million at the end of December.

Ares Commercial Real Estate Corporation (NYSE:ACRE) pays a quarterly dividend of $0.33 per share, with a dividend yield of 9.75%, as recorded on August 23. The company also paid a supplemental dividend of $0.02 per share in May, which was its third supplemental dividend to shareholders since 2021.

At the end of Q2 2022, 7 hedge funds tracked by Insider Monkey owned investments in Ares Commercial Real Estate Corporation (NYSE:ACRE), growing from 5 in the previous quarter. These stakes hold a combined value of over $23.6 million, compared with $7.3 million worth of stakes owned by hedge funds in the previous quarter.