Shares of NewLake Capital Partners, Inc. (OTCMKTS:NLCP – Get Free Report) traded up 0.1% during mid-day trading on Friday . The stock traded as high as $14.28 and last traded at $14.20. 37,589 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 47,367 shares. The stock had previously closed at $14.18.
NewLake Capital Partners Stock Up 0.1%
The firm’s 50 day moving average is $14.30 and its 200-day moving average is $16.19.
NewLake Capital Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date of this dividend was Monday, March 31st.
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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