Standard Premium Finance Holdings, Inc. Declares Quarterly Dividend

Standard Premium Finance Holdings (OTCQX:SPFX) declared a prorated quarterly cash dividend of $0.0175 per preferred share on July 7, 2022.

Rhea-AI Summary

Standard Premium Finance Holdings (OTCQX:SPFX) declared a prorated quarterly cash dividend of $0.0175 per preferred share on July 7, 2022. This dividend is payable on July 15, 2022, to preferred shareholders of record on June 30, 2022. With an annualized yield of 7.00%, based on the original price of $10.00 per share, the company emphasizes its long-standing commitment to timely interest payments. Standard Premium Finance is recognized for its expertise in insurance premium financing, with annual loan originations around $120 million.

Positive

• Quarterly dividend of $0.0175 per preferred share with a 7.00% annualized yield.
• Strong history of timely interest payments enhances investor confidence.
• Annual loan originations of approximately $120 million, indicating robust business activity.

Negative

• None.

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MIAMI, FL / ACCESSWIRE / July 18, 2022 / The Board of Directors of Standard Premium Finance Holdings, Inc. ("Standard") (OTCQX:SPFX) declared a prorated quarterly cash dividend of $0.0175 per preferred share on July 7, 2022, payable on July 15, 2022, to preferred shareholders of record on June 30, 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%.

William Koppelmann, Chairman and CEO, stated, "Standard has a thirty-year history of making timely interest payments to its loyal subordinated debtholders. With the introduction of our preferred stock in 2016, it gave us the opportunity to fortify our equity, increase our borrowing power, and provide an additional source of income for our preferred shareholders who believed in our long-term expansionary plan as a public company."

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/708762/Standard-Premium-Finance-Holdings-Inc-Declares-Quarterly-Dividend

FAQ

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What is the dividend amount declared by SPFX?

Standard Premium Finance Holdings declared a dividend of $0.0175 per preferred share.

When is the dividend payable?

The dividend is payable on July 15, 2022.

What is the record date for the dividend?

The record date for the dividend is June 30, 2022.

What is the annualized yield of the dividend?

The annualized yield of the dividend is 7.00% based on a $10.00 share price.