NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) rose 0.2% during trading on Wednesday . The stock traded as high as $19.10 and last traded at $18.92. Approximately 18,031 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 46,243 shares. The stock had previously closed at $18.88.
NewLake Capital Partners Trading Up 0.2 %
The company’s fifty day simple moving average is $19.44 and its 200-day simple moving average is $19.61.
NewLake Capital Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend 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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