NLCP - NewLake Capital Partners Increases Fourth Quarter 2023 Common Stock Dividend to $0.40 per Share and Provides Share Repurchase Program Update | Benzinga
NEW CANAAN, Conn., Dec. 14, 2023 (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 increased its fourth quarter 2023 cash dividend to $0.40 per share of common stock. The dividend is equivalent to an annualized dividend of $1.60 per common share and is payable on January 12, 2024, to common stockholders of record at the close of business on December 29, 2023.
The Company is also providing an update on its share repurchase program. To date, the Company has acquired 908,394 shares of common stock at an average price, including commissions, of $13.01 per share, utilizing approximately $11.8 million of the $20 million total authorization. The Company most recently purchased 194,563 shares at $13.10 on December 11, 2023.
Any purchases made pursuant to the program will be made either ...