Newlake Capital Partners, Inc. Announces Declares Third Quarter 2023 Cash Dividend on Common Stock, Payable on October 13, 2023
September 18, 2023 at 08:05 am
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NewLake Capital Partners, Inc. announced that its board of directors has declared a third quarter 2023 cash dividend of $0.39 per share of common stock. The dividend is equivalent to an annualized dividend of $1.56 per common share. The dividend is payable on October 13, 2023, to stockholders of record at the close of business on September 29, 2023.
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. 
