Shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) rose 1.4% during mid-day trading on Tuesday . The stock traded as high as $20.00 and last traded at $19.82. Approximately 52,067 shares traded hands during trading, an increase of 20% from the average daily volume of 43,295 shares. The stock had previously closed at $19.55.
NewLake Capital Partners Stock Performance
The company has a 50 day simple moving average of $19.97 and a 200-day simple moving average of $19.65.
NewLake Capital Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.68%. The ex-dividend date was Monday, September 30th.
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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