NewLake Capital Partners, Inc. (OTC:NLCP – Get Rating) declared a dividend on Thursday, September 22nd, investing.com reports. Shareholders of record on Friday, September 30th will be given a dividend of 0.37 per share on Friday, October 14th. This represents a yield of 9.72%. The ex-dividend date is Thursday, September 29th. This is a boost from NewLake Capital Partners's previous dividend of $0.35.

NewLake Capital Partners Price Performance

NLCP stock opened at $13.76 on Tuesday. The stock's fifty day simple moving average is $16.22 and its two-hundred day simple moving average is $19.48. NewLake Capital Partners has a 1-year low of $13.36 and a 1-year high of $35.50.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH cut their price objective on NewLake Capital Partners from $38.00 to $29.50 in a research report on Tuesday, August 9th.

About NewLake Capital Partners

NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases and build-to-suit projects. Its tenants are some of the leading operators in the U.S.

Further Reading

• Get a free copy of the StockNews.com research report on NewLake Capital Partners (NLCP)
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