NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report)’s share price was down 0.5% on Wednesday . The stock traded as low as $12.96 and last traded at $13.02. Approximately 27,986 shares changed hands during trading, a decline of 42% from the average daily volume of 48,171 shares. The stock had previously closed at $13.08.
NewLake Capital Partners Stock Performance
The company’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $14.03.
NewLake Capital Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 13.2%.
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.
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