SmarterDividends
NLCP

NewLake Capital Partners, Inc.

NLCP

Real Estate · REIT - Specialty · Stock · quarterly payer

$14.04

Undervalued · +120% Add to Portfolio

Forward Yield

12.25%

Annual Dividend

$1.72

Payout Ratio

146%

5-Yr Growth

—

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about NLCP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, NewLake Capital Partners, Inc. (NLCP) has a forward dividend yield of 12.25%, based on an annual dividend of $1.72 per share and a share price of $14.04.
  • As of Oct 27, 2026, NLCP's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, NewLake Capital Partners, Inc. (NLCP) has raised its dividend for 4 consecutive years as of Oct 27, 2026.
  • NLCP has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NLCP's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.43 per share.
  • As of Oct 27, 2026, NLCP pays out 146% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 27, 2026, NLCP's 12.25% yield is 49% above its five-year average yield of 8.22%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NLCP is $30.95 per share, 120% above the $14.04 share price, so NLCP screens as undervalued.
  • NewLake Capital Partners, Inc. (NLCP) pays its dividend quarterly, 4 times a year.
  • NewLake Capital Partners, Inc. (NLCP) has raised its regular dividend 8 times and cut it 0 times across the 21 payments on record since 2021. Its most recent change was a 4.9% increase to $0.430 per share, going ex-dividend on Jun 28, 2024.
Cite this page

SmarterDividends, "NLCP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NLCP

Summary

As of Oct 27, 2026, NewLake Capital Partners, Inc. (NLCP) yields 12.25% ($1.72 a year per share), has a dividend safety grade of C (62/100) and has 4 consecutive years of dividend increases on record.

Is NLCP a good dividend stock?

Yes, with caveats

NewLake Capital Partners, Inc. (NLCP) pays a quarterly dividend yielding 12.25% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (146%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
12.25%
Payout Ratio
146%
Annual Dividend
$1.72
5-Yr Avg Growth
—
Ex-Dividend Date
Sep 30, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.85
Market Cap
$294.0M
P/E Ratio
11.9
5-Yr Total Return
-50%
52-Week Range
$12.09 – $16.75
Dividend Safety
C · 62/100
Ever Cut?
No

NLCP dividend raises and cuts

NewLake Capital Partners, Inc. (NLCP) has raised its regular dividend 8 times and cut it 0 times across the 21 payments on record since 2021. Its most recent change was a 4.9% increase to $0.430 per share, going ex-dividend on Jun 28, 2024.

Ex-dateChangeOld → newMove
Jun 28, 2024Raise$0.410 → $0.430+4.9%
Mar 27, 2024Raise$0.400 → $0.410+2.5%
Dec 28, 2023Raise$0.390 → $0.400+2.6%
Dec 29, 2022Raise$0.370 → $0.390+5.4%
Sep 29, 2022Raise$0.350 → $0.370+5.7%
Jun 29, 2022Raise$0.330 → $0.350+6.1%
Mar 30, 2022Raise$0.310 → $0.330+6.5%
Dec 30, 2021Raise$0.120 → $0.310+158.3%
Every NLCP payment →Download every raise and cut (CSV)
NLCP ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →NLCP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NLCP a good dividend stock?

Yes, with caveats. NewLake Capital Partners, Inc. (NLCP) pays a quarterly dividend yielding 12.25% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is NLCP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NLCP's fair value is about $30.95 versus a $14.04 share price — so it looks undervalued (+120% vs. fair value).

Is NLCP's dividend safe?

NLCP has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NLCP's fair value?

Our blended fair-value estimate for NLCP is about $30.95 per share, roughly 120% above the current $14.04 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NLCP a buy, hold, or sell?

We don't issue formal ratings, but on the data NLCP screens as "yes, with caveats" and undervalued. NewLake Capital Partners, Inc. (NLCP) pays a quarterly dividend yielding 12.25% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will NLCP cut its dividend?

NLCP earns a dividend-safety grade of C (62/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NLCP pay a dividend?

Yes. NewLake Capital Partners, Inc. pays a quarterly dividend of about $1.72 per share annually, a forward yield of roughly 12.25%.

What is NLCP's dividend yield?

As of Oct 27, 2026, NLCP's forward dividend yield is 12.25%, based on a $1.72 annual dividend and a $14.04 share price.

What is NLCP's dividend per share?

As of Oct 27, 2026, NLCP pays $1.72 per share per year, distributed on a quarterly basis.

What is NLCP's dividend payout ratio?

As of Oct 27, 2026, NLCP's payout ratio is 146% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NLCP grown its dividend?

As of Oct 27, 2026, NLCP has increased its dividend for 4 consecutive years.

When is the next NLCP ex-dividend date?

As of Oct 27, 2026, NLCP's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.43 per share.

Income Calculator

At $1.72 / yr per share

Per payment (quarterly)$43.00
Annual$172.00
Monthly avg$14.33

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