dividend
confidence high
sentiment positive
materiality 0.60
AFC Gamma declares $0.48 dividend, authorizes $20M buyback, updates loan portfolio
Advanced Flower Capital Inc.
- Dividend of $0.48/share for Q ending June 30, 2023; payable July 14 to record June 30; annual run rate $1.92.
- Board authorized $20M share repurchase program through Dec 31, 2025; executives bought ~$2.9M stock since early 2023.
- Sold two-thirds of Private Company I credit facility (Category 4, in foreclosure) at par plus accrued interest to a multi-state operator.
- Received ~$5.9M paydown on Private Company A from sale of Maryland assets; full repayment on Sub. of Private Company H at maturity.
- Private Company G borrower paid 60% of June interest in cash; rest on payment plan; loan still considered risky and monitored.