NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) announced a quarterly dividend on Wednesday, June 12th, NASDAQ reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.43 per share on Monday, July 15th. This represents a $1.72 annualized dividend and a yield of 8.53%. The ex-dividend date is Friday, June 28th. This is a boost from NewLake Capital Partners’s previous quarterly dividend of $0.41.
NewLake Capital Partners Trading Down 0.2 %
NLCP opened at $20.15 on Thursday. NewLake Capital Partners has a 52-week low of $12.25 and a 52-week high of $20.87. The company has a 50 day moving average of $19.57 and a two-hundred day moving average of $17.75.
Wall Street Analyst Weigh In
Separately, Compass Point raised NewLake Capital Partners from a “neutral” rating to a “buy” rating and set a $18.25 target price for the company in a research note on Thursday, March 14th.
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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