NewLake Capital Partners, Inc. (OTCMKTS:NLCP) Plans Quarterly Dividend of $0.43

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.43 per share on Wednesday, January 15th. This represents a $1.72 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Tuesday, December 31st.

NewLake Capital Partners Stock Down 2.7 %

Shares of NLCP stock opened at $19.10 on Friday. NewLake Capital Partners has a 52 week low of $13.77 and a 52 week high of $21.46. The company has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $19.48.

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.