AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced its dividend for the quarter ending December 31, 2021.
The Board of Directors of AFC Gamma declared a quarterly dividend for the quarter ending December 31, 2021 of $0.50 per outstanding share of common stock, payable on January 14, 2022 to the common stockholders of record on December 31, 2021. The December quarterly dividend represents an increase of approximately 16% over the September quarterly dividend of $0.43. After paying the quarterly dividend, the Board of Directors believes that AFC Gamma will likely have distributed an amount, in the aggregate, equivalent to the low end of its targeted distribution range of 90% to 100% of distributable earnings for the year ending December 31, 2021.
