NewLake Capital Partners, Inc. Announces Second Quarter Dividend for the Year 2024, Payable on July 15, 2024
June 13, 2024 at 06:00 pm IST
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NewLake Capital Partners, Inc. announced that its Board of Directors has increased its second quarter 2024 cash dividend to $0.43 per share of common stock. The dividend is equivalent to an annualized dividend of $1.72 per common share and is payable on July 15, 2024, to common stockholders of record at the close of business on June 28, 2024.
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. The Company supplies necessary real estate capital primarily to companies that cultivate, produce and/or dispense cannabis. The Company owns a portfolio of approximately 31 properties comprised of 14 cultivation facilities and 17 dispensaries. The Company's properties are leased to single tenants on a long-term, triple-net basis, which obligates the tenant to be responsible for the ongoing expenses of a property, in addition to its rent obligations. Its properties are located in Florida, Pennsylvania, Illinois, Massachusetts, Missouri, Nevada, Arizona, California, Ohio, North Dakota, Arkansas and Connecticut.
NEWLAKE CAPITAL PARTNERS, INC. 
