Standard Premium Finance Holdings, Inc. (“Standard”) (OTCQX:SPFX) announced a quarterly cash dividend of $0.0175 per preferred share on January 9, 2023. The dividend is due to preferred shareholders of record on December 31, 2022 and will be paid on January 20, 2023.
The quarterly dividend results in an annualised yield of 7.00% based on the initial share price of Standard’s preferred stock of $10.00.
With regards to Standard Premium Finance Holdings, Inc.
The insurance premium financing company Standard Premium Finance Holdings, Inc. offers both businesses and individuals solutions for financing insurance premiums. Standard Premium Finance is in the greatest position to advise and help our valued partner agents and client base on every element of their insurance premium financing because of our combined experience of more than 200 years in the insurance premium finance industry. With loans ranging from $500 to over $500,000, Standard is a market-leading premium finance company with annual loan originations of about $120 million.