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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) declared a quarterly dividend on Tuesday, March 4th, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.43 per share on Tuesday, April 15th. This represents a $1.72 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date is Monday, March 31st.

NewLake Capital Partners Price Performance

Shares of NLCP opened at $15.13 on Friday. The company’s fifty day moving average price is $15.87 and its 200-day moving average price is $17.82. NewLake Capital Partners has a 1-year low of $14.90 and a 1-year 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.