Chart of Day: AFC Gamma (AFCG) – 10/23

One of the best ways to retire rich is by investing in dividend stocks.

In doing so, you need to aggressively invest in high-yielding stocks and reinvest the dividends continuously until you consider retirement. After all, each reinvested dividend payout buys you more income-producing shares without any out of pocket expenses. Better, by doing so you’re compounding the earnings and expediting the growth of your portfolio.

Look at AFC Gamma (SYM: AFCG).

With a yield of 12.72%, AFC Gamma is a commercial mortgage real estate investment trust that provides financing to the cannabis industry through loans. It’s not a landlord, but it does offer financing to help cannabis companies. The company also declared a 33-cent dividend that was payable on October 15 to shareholders of record as of September 30.

afcg

Even better, it’s been trending higher as cannabis picks up more support from both presidential candidates. Kamala Harris, for example, said she would fight for full cannabis legalization. Donald Trump said he supports the Federal Marijuana Rescheduling and Cannabis Banking Bill.

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