Advanced Flower Plunges on Q2 Dividend
Advanced Flower Capital Inc. (NASDAQ: AFCG) took a header Friday, after it announced its dividend for the quarter ending June 30, 2025.
The Board of Directors of AFC declared a quarterly dividend of $0.15 per outstanding share of common stock for the quarter ending June 30. The dividend is payable on July 15 to the common stockholders of record on June 30.
The Board of Directors evaluates the Company’s Distributable Earnings each quarter to determine the dividend level. The second quarter dividend was impacted due to a realized loss during the quarter related to the loan to Public Company A.
Advanced Flower Capital is a leading commercial mortgage real estate investment trust 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.
Shares in AFCG dwindled 63 cents, or 11%, to $5.08.
