Advanced Flower Capital Inc. declares a quarterly dividend of $0.33 per share, payable January 15, 2025.
Quiver AI Summary
Advanced Flower Capital Inc. (formerly AFC Gamma, Inc.) announced a quarterly dividend of $0.33 per share for the period ending December 31, 2024, which is consistent with the previous quarter’s dividend. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. The company, based in West Palm Beach, Florida, operates as a commercial mortgage REIT, providing loans to cannabis operators in compliance with state laws, leveraging its expertise to manage loans typically ranging from $10 million to over $100 million. The press release also includes forward-looking statements cautioning that actual results may vary due to various risks and uncertainties.
Potential Positives
- The declaration of a quarterly dividend of $0.33 per share demonstrates the company's commitment to returning value to its shareholders.
- Maintaining the same dividend amount as the previous quarter indicates financial stability and consistent performance.
- The scheduled payment date of January 15, 2025, provides investors with a clear timeline for expected returns, which can enhance shareholder confidence.
- AFC's position as a leading commercial mortgage REIT in the cannabis sector highlights its specialized market focus and the potential for growth in a niche industry.
Potential Negatives
- The announcement of a $0.33 dividend may indicate limited growth prospects, as the dividend remains unchanged from the previous quarter, potentially signaling stagnation in financial performance.
- The necessity to include extensive forward-looking statement disclaimers suggests that the company is operating in a volatile market and may face significant risks, which could deter potential investors.
FAQ
What is the quarterly dividend declared by Advanced Flower Capital?
Advanced Flower Capital has declared a quarterly dividend of $0.33 per share for the quarter ending December 31, 2024.
When will the dividend be paid to shareholders?
The dividend will be payable on January 15, 2025, to stockholders of record on December 31, 2024.
How does this dividend compare to previous dividends?
This quarterly dividend is consistent with the September quarterly dividend issued by Advanced Flower Capital.
What type of company is Advanced Flower Capital?
Advanced Flower Capital is a commercial mortgage REIT that provides loans to cannabis operators in compliance with state laws in the U.S.
How can I contact Advanced Flower Capital's investor relations?
You can contact Advanced Flower Capital's investor relations at Robyn Tannenbaum, phone: (561) 510-2293, or via email at ir@advancedflowercapital.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AFCG Hedge Fund Activity
We have seen 48 institutional investors add shares of $AFCG stock to their portfolio, and 38 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP removed 640,617 shares (-100.0%) from their portfolio in Q3 2024
- MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. removed 279,534 shares (-100.0%) from their portfolio in Q2 2024
- D. E. SHAW & CO., INC. added 207,694 shares (+695.2%) to their portfolio in Q3 2024
- DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) added 191,162 shares (+inf%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 122,813 shares (+8.6%) to their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC added 101,349 shares (+inf%) to their portfolio in Q3 2024
- SEGALL BRYANT & HAMILL, LLC added 101,198 shares (+89.2%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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 $0.33 for the quarter ending December 31, 2024 per outstanding share of common stock, payable on January 15, 2025 to the common stockholders of record on December 31, 2024. The December quarterly dividend is in line with the September quarterly dividend.
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 $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.
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
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
