NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) traded down 1.4% on Monday . The company traded as low as $16.40 and last traded at $16.41. 33,405 shares were traded during trading, a decline of 40% from the average session volume of 55,546 shares. The stock had previously closed at $16.64.
NewLake Capital Partners Stock Performance
The stock has a 50-day moving average of $17.50 and a 200-day moving average of $18.85.
NewLake Capital Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.48%.
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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