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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Tuesday, December 31st.

NewLake Capital Partners Stock Performance

NLCP stock traded down $0.54 during midday trading on Friday, hitting $19.10. 67,611 shares of the stock were exchanged, compared to its average volume of 46,057. The stock’s 50-day moving average price is $19.03 and its 200-day moving average price is $19.48. NewLake Capital Partners has a fifty-two week low of $13.77 and a fifty-two week high of $21.46.

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.