AFC Gamma Announces Third Quarter Dividend

Rhea-AI Summary

AFC Gamma, Inc. declared a $0.56 dividend per share for the quarter ending September 30, 2022, marking a 30.2% year-over-year increase. The dividend is payable on October 14, 2022, to shareholders on record as of September 30, 2022. AFC Gamma is an institutional lender specializing in financing solutions for the cannabis industry, providing senior secured loans to operators in legalized states. The company's management has over 100 years of combined experience in investment management and credit investing.

Positive

• Quarterly dividend of $0.56 per share, a 30.2% increase from the previous year.
• Demonstrates strong financial performance and commitment to returning value to shareholders.

Negative

• None.

Declares $0.56 dividend per share for the quarter ending September 30, 2022

WEST PALM BEACH, Fla., Sept. 15, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced its dividend for the quarter ending September 30, 2022.

The Board of Directors of AFC Gamma declared a quarterly dividend of $0.56 for the quarter ending September 30, 2022 per outstanding share of common stock, payable on October 14, 2022 to the common stockholders of record on September 30, 2022. The September quarterly dividend represents a 30.2% year-over-year dividend increase.

About AFC Gamma, Inc.

AFC Gamma, Inc. (NASDAQ:AFCG) is an institutional lender that provides a range of lending solutions to established operators in the cannabis industry. AFC Gamma originates, structures and underwrites senior secured loans and other types of financing to operators in states that have legalized medicinal and/or adult-use cannabis. AFC Gamma’s senior management team has over 100 years of combined experience in investment management and disciplined credit investing across a range of economic cycles.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, future events and financial performance. All statements other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC Gamma’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements. 

AFC GAMMA, INC. INVESTOR CONTACT:

Robyn Tannenbaum
561-510-2293
ir@advancedflowercapital.com
www.afcgamma.com

AFC GAMMA, INC. MEDIA CONTACT:

Mark Sinclair
MATTIO Communications
mark@mattio.com 

FAQ

What is the dividend amount declared by AFC Gamma for September 2022?

AFC Gamma declared a dividend of $0.56 per share for the quarter ending September 30, 2022.

When is the AFC Gamma dividend payable?

The dividend is payable on October 14, 2022.

What is the significance of the 30.2% increase in AFC Gamma's dividend?

The 30.2% increase indicates growth in the company's financial performance year-over-year, signaling confidence from the Board of Directors.

Who are the shareholders eligible for the AFC Gamma dividend?

Shareholders on record as of September 30, 2022, are eligible for the dividend payment.