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NEW YORK ( TheStreet) -- The ex-dividend date for Apollo Commercial Real Estate Finance (NYSE: ARI) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $16.17 as of 9:30 a.m. ET, the dividend yield is 9.9%. The average volume for Apollo Commercial Real Estate Finance has been 121,600 shares per day over the past 30 days. Apollo Commercial Real Estate Finance has a market cap of $305.1 million and is part of the financial sector and real estate industry. Shares are up 23.1% 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, below the average real estate industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.