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NEW YORK ( TheStreet) -- The ex-dividend date for Apollo Commercial Real Estate Finance (NYSE: ARI) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $14.39 as of 9:39 a.m. ET, the dividend yield is 11.4%. The average volume for Apollo Commercial Real Estate Finance has been 111,500 shares per day over the past 30 days. Apollo Commercial Real Estate Finance has a market cap of $245.7 million and is part of the financial sector and real estate industry. Shares are down 14.4% year to date as of the close of trading on Monday. Apollo Commercial Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. The company has a P/E ratio of 12.7, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.