Advanced Flower Capital Inc. Announces Dividend for the Fourth Quarter 2024
Rhea-AI Summary
Advanced Flower Capital (AFCG) has declared a quarterly dividend of $0.33 per share for Q4 2024, maintaining the same level as the previous quarter. The dividend will be paid on January 15, 2025 to stockholders of record as of December 31, 2024.
AFCG operates as a commercial mortgage REIT, providing institutional loans to state-compliant cannabis operators in the U.S. The company specializes in originating, structuring, and managing loans ranging from $10 million to over $100 million, secured by real estate assets, license value, and cash flows.
Positive
- Maintained stable quarterly dividend of $0.33 per share
- Consistent dividend payout demonstrates financial stability
Negative
- No dividend increase despite industry growth potential
News Market Reaction
On the day this news was published, AFCG gained 1.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (f/k/a AFC Gamma, Inc.) (Nasdaq:AFCG) (“AFC”) today announced its dividend for the quarter ending December 31, 2024.
The Board of Directors of AFC declared a quarterly dividend of
About Advanced Flower Capital, Inc.
Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from
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, operating results and borrower activity. 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’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.
Investor Relations Contact:
Robyn Tannenbaum
(561) 510-2293
ir@advancedflowercapital.com
Media Contact:
Profile Advisors
Rich Myers and Rachel Goun
(347) 343-2999
afcgamma@profileadvisors.com
FAQ
What is Advanced Flower Capital's (AFCG) Q4 2024 dividend amount?
When will AFCG pay its Q4 2024 dividend?
How does AFCG's Q4 2024 dividend compare to the previous quarter?
What is the minimum loan size that AFCG provides to cannabis operators?
What types of assets secure AFCG's cannabis industry loans?
