AFC Gamma Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:AFCG)

AFC Gamma Inc. (NASDAQ:AFCG) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, June 30th.

AFC Gamma has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of AFCG stock opened at $3.33 on Tuesday. The stock has a market cap of $78.35 million, a price-to-earnings ratio of -5.20 and a beta of 0.87. The business’s fifty day moving average is $3.15 and its 200 day moving average is $2.82. AFC Gamma has a twelve month low of $2.06 and a twelve month high of $5.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.68.

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.