Top 5 Diversified Bank Stocks To Watch Right Now: Apollo Commercial Real Estate Finance (ARI)
Apollo Commercial Real Estate Finance, Inc., a real estate investment trust, engages in originating, acquiring, investing in, and managing performing commercial first mortgage loans, commercial mortgage-backed securities, mezzanine financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2009 and is headquartered in New York, New York.
Advisors' Opinion:- [By Rich Duprey]
Mortgage real estate investment trustApollo Commercial Real Estate Finance (NYSE: ARI ) announced this morning its second-quarter dividend for its 8.625% Series A cumulative redeemable perpetual preferred stockof $0.5391per share for the period ending July 15. That's the same rate it's paid for the past three quarters after it was increased 21% from $0.4432 per share.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-diversified-bank-stocks-to-watch-right-now-3.html
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