AFC Gamma Inc. (NASDAQ:AFCG) to Issue $0.05 Quarterly Dividend

AFC Gamma Inc. (NASDAQ:AFCG) announced a quarterly dividend on Monday, March 2nd, NASDAQ Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Tuesday, March 31st.

AFC Gamma has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect AFC Gamma to earn $1.71 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 11.7%.

AFC Gamma Price Performance

Shares of NASDAQ AFCG opened at $2.66 on Friday. The stock has a market cap of $62.59 million, a price-to-earnings ratio of -2.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.45 and a current ratio of 3.45. AFC Gamma has a fifty-two week low of $2.06 and a fifty-two week high of $6.38. The firm’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.99.

AFC Gamma (NASDAQ:AFCG) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). AFC Gamma had a positive return on equity of 0.99% and a negative net margin of 70.17%.The company had revenue of $8.71 million for the quarter, compared to the consensus estimate of $5.36 million. As a group, research analysts anticipate that AFC Gamma will post 1.64 earnings per share for the current fiscal year.

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.