AFC Gamma Inc. (AFCG) to Issue Quarterly Dividend of $0.05 on July 15th

AFC Gamma Inc. (NASDAQ:AFCG) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

AFC Gamma has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AFC Gamma to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 31.3%.

AFC Gamma Trading Up 1.8%

Shares of NASDAQ:AFCG opened at $3.39 on Wednesday. AFC Gamma has a 1 year low of $2.06 and a 1 year high of $5.10. The firm has a market capitalization of $79.77 million, a price-to-earnings ratio of -5.30 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day moving average price is $3.17 and its 200-day moving average price is $2.82.

About AFC Gamma

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.