AFC Gamma: How Sustainable Is The 16% Dividend Yield?

Olga Tsareva AFC Gamma's (NASDAQ:AFCG) quarterly dividend distributions proved somewhat resilient in 2023. Whilst there was a 14.3% dividend cut in June, the cannabis lender has been able to keep its quarterly distributions stable through the rest of a year that saw cannabis companies face material headwinds. Acreage (OTCQX:ACRHF), previously one of its top borrowers, lost 75% of its value and is currently teetering on the brink of a Chapter 11 bankruptcy filing with a $17 million market cap set against lon ...