NewLake Capital Partners (NLCP) Declares $0.31 Quarterly Dividend; 4.6% Yield

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NewLake Capital Partners Declares Fourth Quarter 2021 Common Stock Dividend

December 16, 2021 7:00 AM EST

NEW CANAAN, Conn., Dec. 16, 2021 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (The Company or NewLake), a leading provider of real estate capital to state-licensed cannabis operators, today announced that its board of directors has declared a fourth quarter 2021 cash dividend of $0.31 per share of common stock.

The dividend is equivalent to an annualized dividend of $1.24 per common share, and is an approximate 29% increase over third quarter annualized dividend of $0.96 per common share. The dividends are payable on January 14, 2022 to stockholders of record... More