NewLake Capital Partners (OTCMKTS:NLCP) Stock Price Up 1.4% – Here’s Why

NewLake Capital Partners, Inc. (OTCMKTS:NLCP)’s stock price rose 1.4% on Tuesday . The stock traded as high as $20.00 and last traded at $19.82. Approximately 52,067 shares changed hands during mid-day 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 Down 0.3 %

The company’s fifty day moving average is $19.95 and its two-hundred day moving average is $19.65.

NewLake Capital Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 8.95%.

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.