Assuming that you have no general issue with your SMTP server, keep in mind that the pluging uses the WP-Cron scheduler to send emails in small batches at regular intervals.
WP-Cron is a built-in cron job (wp-cron.php) in WordPress that runs every time someone visits the website.
In most cases emails will be delivered fast unless you have a website that has little traffic or a very large mailing list.
For websites with low traffic, we recommend to run wp-cron.php externally via Crontab.