NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report)’s stock price shot up 1% during mid-day trading on Tuesday . The stock traded as high as $16.10 and last traded at $15.95. 55,298 shares were traded during mid-day trading, a decline of 1% from the average session volume of 55,832 shares. The stock had previously closed at $15.80.
NewLake Capital Partners Price Performance
The stock has a 50 day moving average of $16.52 and a 200 day moving average of $18.40.
NewLake Capital Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.78%.
About NewLake Capital Partners
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.
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