NewLake Capital Partners, Inc. (OTCMKTS:NLCP) to Issue $0.43 Quarterly Dividend

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) announced a quarterly dividend on Friday, September 13th, NASDAQ reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.43 per share on Tuesday, October 15th. This represents a $1.72 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Monday, September 30th.

NewLake Capital Partners Trading Up 0.6 %

Shares of OTCMKTS NLCP traded up $0.12 during mid-day trading on Friday, reaching $19.88. 24,683 shares of the company were exchanged, compared to its average volume of 44,465. The firm has a 50-day moving average of $19.61 and a 200 day moving average of $19.12. NewLake Capital Partners has a 1 year low of $12.43 and a 1 year high of $20.99.

NewLake Capital Partners Company Profile

NewLake Capital Partners, Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 31 properties comprised of 14 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis.