Shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $19.10 and last traded at $18.92. 18,031 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 46,243 shares. The stock had previously closed at $18.88.
NewLake Capital Partners Stock Performance
The business’s fifty day moving average price is $19.42 and its two-hundred day moving average price is $19.60.
NewLake Capital Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.43 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 9.10%.
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.
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