Standard Premium Finance Holdings, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Standard Premium Finance Holdings (OTCQX:SPFX) has declared a quarterly cash dividend of $0.0175 per preferred share on January 9, 2023, payable on January 20, 2023. Preferred shareholders of record on December 31, 2022 will receive this dividend, which translates to an annualized yield of 7.00% based on the preferred share price of $10.00. Standard is an industry leader in providing insurance premium financing solutions, achieving annual loan originations of approximately $120 million. With over 200 years of collective experience, the company is well-positioned to support its clients with premium financing needs.

Positive

• Quarterly cash dividend of $0.0175 per preferred share declared.
• Annualized yield of 7.00% based on a $10.00 share price.
• Company has annual loan originations of approximately $120 million.

Negative

• None.

MIAMI, FL / ACCESSWIRE / January 25, 2023 / The Board of Directors of Standard Premium Finance Holdings, Inc. ("Standard") (OTCQX:SPFX) declared a quarterly cash dividend of $0.0175 per preferred share on January 9, 2023, payable on January 20, 2023, to preferred shareholders of record on December 31, 2022.

Based on the original price of Standard's preferred shares of $10.00 per share, the quarterly dividend produces an annualized yield of 7.00%.

About Standard Premium Finance Holdings, Inc.

Standard Premium Finance Holdings, Inc. is an insurance premium finance company providing insurance premium financing solutions to businesses and individuals. With over 200 collective years of insurance premium finance experience, Standard Premium Finance is best positioned to consult and assist our valued partner agents and client base on every aspect of their insurance premium financing. Standard is an industry-leading premium finance company with annual loan originations of approximately $120 million with loans ranging from $500 to over $500,000.

For more information, please contact Media Relations at info@standardpremium.com

SOURCE: Standard Premium Finance Holdings Inc

View source version on accesswire.com:
https://www.accesswire.com/736590/Standard-Premium-Finance-Holdings-Inc-Declares-Quarterly-Dividend

FAQ

What is the recent dividend declared by SPFX?

The recent dividend declared by Standard Premium Finance Holdings (SPFX) is $0.0175 per preferred share.

When will the SPFX dividend be paid?

The dividend will be paid on January 20, 2023.

What is the yield of the SPFX dividend?

The dividend provides an annualized yield of 7.00%.

Who are the preferred shareholders of SPFX?

Preferred shareholders of record on December 31, 2022, will receive the dividend.