NewLake Capital Partners, Inc. Declares Cash Dividend for the Second Quarter 2023, Payable on July 14, 2023
June 15, 2023 at 09:05 pm
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NewLake Capital Partners, Inc. announced that its board of directors has declared a second 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. This represents an 11.4% increase year-over-year.
The dividend is payable on July 14, 2023, to stockholders of record at the close of business on June 30, 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. 
