NewLake Capital Partners, Inc. (OTCMKTS:NLCP) is one of the 7 most undervalued pot stocks to buy according to analysts. On June 16, the company announced a cash dividend of $0.43 per share of common stock for Q2 2025. The payment equates to an annualized dividend of $1.72 per common share.
An architect standing proud in front of a newly developed real estate asset.
The company has consistently paid dividends, with regular increases over several years. The $0.43 per share dividend in the current announcement marks the fifth consecutive quarter the company has paid this amount. In Q2 2023, NewLake’s investors received a $0.39 per share payout.
NewLake Capital Partners, Inc.’s edge stems from operating as a real estate investment trust (REIT). It provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects.
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This article is originally published at Insider Monkey.