NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report)’s stock price rose 0.4% during mid-day trading on Tuesday . The stock traded as high as $13.07 and last traded at $13.05. Approximately 48,150 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 49,603 shares. The stock had previously closed at $13.00.
NewLake Capital Partners Stock Up 0.4%
The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $14.13.
NewLake Capital Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 13.2%.
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.
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