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NewLake Capital Partners Issues Third Quarter 2024 Common Stock Dividend of $0.43 per Share

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NewLake Capital Partners (OTCQX: NLCP), a leading real estate capital provider for state-licensed cannabis operators, has announced its third quarter 2024 cash dividend. The company's board of directors approved a dividend of $0.43 per share of common stock, equivalent to an annualized dividend of $1.72 per common share. This dividend will be payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024. This announcement demonstrates NewLake's commitment to providing consistent returns to its shareholders in the growing cannabis real estate sector.

NewLake Capital Partners (OTCQX: NLCP), un importante fornitore di capitali immobiliari per operatori di cannabis con licenza statale, ha annunciato il suo dividendo in contante per il terzo trimestre del 2024. Il consiglio di amministrazione della società ha approvato un dividendo di $0.43 per azione di azioni ordinarie, corrispondente a un dividendo annualizzato di $1.72 per ogni azione ordinaria. Questo dividendo sarà pagabile il 15 ottobre 2024, agli azionisti registrati alla chiusura degli affari del 30 settembre 2024. Questo annuncio dimostra l'impegno di NewLake a fornire rendimenti costanti ai suoi azionisti nel crescente settore immobiliare della cannabis.

NewLake Capital Partners (OTCQX: NLCP), un importante proveedor de capital inmobiliario para operadores de cannabis con licencia estatal, ha anunciado su dividendo en efectivo del tercer trimestre de 2024. La junta directiva de la compañía aprobó un dividendo de $0.43 por acción de acciones comunes, equivalente a un dividendo anualizado de $1.72 por cada acción común. Este dividendo será pagadero el 15 de octubre de 2024, a los accionistas registrados al cierre de la jornada del 30 de septiembre de 2024. Este anuncio demuestra el compromiso de NewLake de proporcionar rendimientos consistentes a sus accionistas en el creciente sector inmobiliario de cannabis.

NewLake Capital Partners (OTCQX: NLCP)는 주 정부 허가를 받은 대마초 운영자를 위한 선도적인 부동산 자본 제공업체로서 2024년 3분기 현금 배당금을 발표했습니다. 회사 이사회는 보통주당 $0.43의 배당금을 승인했으며, 이는 보통주당 $1.72의 연간 배당금에 해당합니다. 이 배당금은 2024년 10월 15일에 지급될 예정이며, 2024년 9월 30일 영업 종료 시점에 등록된 주주들에게 지급됩니다. 이 발표는 NewLake가 성장하는 대마초 부동산 분야에서 주주들에게 일관된 수익을 제공하겠다는 의지를 보여줍니다.

NewLake Capital Partners (OTCQX: NLCP), un fournisseur de capitaux immobiliers de premier plan pour les opérateurs de cannabis agréés par l'État, a annoncé son dividende en espèces du troisième trimestre 2024. Le conseil d'administration de la société a approuvé un dividende de $0.43 par action d'actions ordinaires, équivalent à un dividende annualisé de $1.72 par action ordinaire. Ce dividende sera payable le 15 octobre 2024, aux actionnaires enregistreés à la clôture des opérations du 30 septembre 2024. Cette annonce démontre l'engagement de NewLake à fournir des rendements constants à ses actionnaires dans le secteur immobilier en pleine croissance du cannabis.

NewLake Capital Partners (OTCQX: NLCP), ein führender Anbieter von Immobilienkapital für staatlich lizensierte Cannabis-Betreiber, hat seine Bar-Dividende für das dritte Quartal 2024 angekündigt. Der Vorstand des Unternehmens genehmigte eine Dividende von $0.43 pro Aktie der Stammaktien, was einer annualisierten Dividende von $1.72 pro Stammaktie entspricht. Diese Dividende wird am 15. Oktober 2024 an die Aktionäre ausgezahlt, die zum Ende des Geschäftstags am 30. September 2024 registriert sind. Diese Bekanntgabe zeigt NewLakes Engagement, möglichst konsistente Renditen im wachsenden Immobilienbereich für Cannabis zu bieten.

Positive
  • Consistent dividend payment of $0.43 per share for Q3 2024
  • Annualized dividend of $1.72 per common share
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  • None.

NEW CANAAN, Conn., Sept. 13, 2024 (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 approved its third quarter 2024 cash dividend of $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 October 15, 2024, to common stockholders of record at the close of business on September 30, 2024.

About NewLake Capital Partners, Inc.
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. For more information, please visit www.newlake.com.

Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “project,” “continue” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs and expectations. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward looking statements. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law.

Contact Information:
Lisa Meyer
Chief Financial Officer, Treasurer and Secretary
NewLake Capital Partners, Inc.
lmeyer@newlake.com

Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
NewLake@kcsa.com
PH: (212) 896-1254

Media Contact:
Ellen Mellody
KCSA Strategic Communications
EMellody@kcsa.com
PH: (570) 209-2947


FAQ

What is NewLake Capital Partners' (NLCP) dividend for Q3 2024?

NewLake Capital Partners (NLCP) has declared a cash dividend of $0.43 per share of common stock for the third quarter of 2024.

When will NewLake Capital Partners (NLCP) pay its Q3 2024 dividend?

NewLake Capital Partners (NLCP) will pay its third quarter 2024 dividend on October 15, 2024, to stockholders of record as of September 30, 2024.

What is the annualized dividend for NewLake Capital Partners (NLCP) based on the Q3 2024 payment?

Based on the Q3 2024 dividend of $0.43 per share, NewLake Capital Partners (NLCP) has an annualized dividend of $1.72 per common share.

What is the record date for NewLake Capital Partners' (NLCP) Q3 2024 dividend?

The record date for NewLake Capital Partners' (NLCP) third quarter 2024 dividend is September 30, 2024, at the close of business.

NEWLAKE CAP PARTNERS INC

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