NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) shares traded up 0.2% during trading on Wednesday . The stock traded as high as $19.10 and last traded at $18.92. 18,031 shares traded hands during trading, a decline of 61% from the average session volume of 46,243 shares. The stock had previously closed at $18.88.
NewLake Capital Partners Price Performance
The stock has a 50-day moving average price of $19.44 and a two-hundred day moving average price of $19.61.
NewLake Capital Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.72 annualized dividend and a dividend yield of 9.09%.
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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