NewLake Capital Partners, Inc. NLCP a provider of real estate capital to state-licensed cannabis operators, announced that its board of directors has declared a fourth quarter 2022 cash dividend of $0.39 per share of common stock.
The dividend is equivalent to an annualized dividend of $1.56 per common share. This is the company’s seventh consecutive quarterly dividend increase, and represents a 5.4% quarter-over-quarter increase and a 25.8% increase year-over-year. The dividend is payable on January 13, 2023, to stockholders of record at the close of business on December 30, 2022.
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 32 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis.
Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.
Photo by Mackenzie Marco on Unsplash
Related News
NewLake Capital Partners Announces Q3 Revenue Totaled $12.1M, 50% YoY Increase
NewLake Capital Partners Announces $10M Share Repurchase Program And Independent ESG Committee
NewLake Capital Partners Q2 Revenue Grows 59% YoY, Here Are The Details
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.