AFC Gamma Provides Business Update And Announces Share Repurchase Program Of Up To $20M Of Its Outstanding Common Stock
Portfolio Pulse from Benzinga Newsdesk
AFC Gamma, Inc. (NASDAQ:AFCG) declares a $0.48 dividend for Q2 2023, announces a share repurchase program of up to $20 million, and provides portfolio updates. The company's management anticipates the dividend to be sustainable and is focused on deploying capital into deals with strong risk-adjusted returns.

June 15, 2023 | 12:34 pm
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AFC Gamma declares a $0.48 dividend for Q2 2023 and announces a share repurchase program of up to $20 million, which may positively impact its stock price.
The declaration of a $0.48 dividend for Q2 2023 and the announcement of a share repurchase program of up to $20 million may positively impact AFC Gamma's stock price. The dividend indicates the company's financial stability, while the share repurchase program signals management's confidence in the company's future prospects. Both actions may attract investors and increase demand for the stock, leading to a potential increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100