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

NewLake Capital Partners, Inc. (OTCMKTS:NLCP) declared a quarterly dividend on Monday, June 16th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.43 per share on Tuesday, July 15th. This represents a $1.72 dividend on an annualized basis and a yield of 11.57%.

NewLake Capital Partners Stock Up 0.1%

NewLake Capital Partners stock traded up $0.01 during mid-day trading on Tuesday, reaching $14.87. The company’s stock had a trading volume of 20,516 shares, compared to its average volume of 43,758. NewLake Capital Partners has a 12 month low of $12.08 and a 12 month high of $21.46. The business’s 50 day simple moving average is $14.37 and its 200 day simple moving average is $15.73.

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.