AFC Gamma Increases Dividend For Fourth Consecutive Quarter

Rhea-AI Summary

AFC Gamma declared a quarterly dividend of $0.56 per share for the quarter ending June 30, 2022, marking the fourth consecutive increase in its dividend. This represents a 47.4% year-over-year increase. The dividend will be payable on July 15, 2022 to stockholders of record as of June 30, 2022. AFC Gamma operates as an institutional lender, providing financial solutions to the cannabis industry, with over 100 years of combined expertise in investment management.

Positive

• Declared a $0.56 quarterly dividend, enhancing shareholder income.
• Achieved a 47.4% year-over-year dividend increase.
• Fourth consecutive quarterly dividend increase showcases company confidence.

Negative

• None.

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

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

The Board of Directors of AFC Gamma declared a quarterly dividend of $0.56 for the quarter ending June 30, 2022 per outstanding share of common stock, payable on July 15, 2022 to the common stockholders of record on June 30, 2022. The June quarterly dividend represents the fourth consecutive increase of AFC Gamma’s quarterly dividend and a 47.4% 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 Annual Report on Form 10-K filed on March 10, 2022, 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 AFCG for June 2022?

AFCG declared a quarterly dividend of $0.56 per share for the quarter ending June 30, 2022.

When will AFCG's dividend be paid?

AFCG's dividend will be payable on July 15, 2022.

How much has AFCG's dividend increased year-over-year?

AFCG's dividend has increased by 47.4% year-over-year.

Who is eligible to receive the AFCG dividend?

Stockholders of record as of June 30, 2022, will be eligible to receive the dividend.