NewLake Capital Partners, Inc.
NLCPReal Estate · Stock · quarterly payer
Forward Yield
11.22%
Annual Dividend
$1.72
Payout Ratio
138%
5-Yr Growth
—
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, NewLake Capital Partners, Inc. (NLCP) yields 11.22% ($1.72 per share annually), with a blended fair-value estimate of $24.30 — +59% upside, so it screens as undervalued. Dividend safety grade: C (60/100). 4 years of dividend growth.
Is NLCP a good dividend stock?
Yes, with caveatsNewLake Capital Partners, Inc. (NLCP) pays a quarterly dividend yielding 11.22% ($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 (138%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.22%
- Payout Ratio
- 138%
- Annual Dividend
- $1.72
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.83
- Market Cap
- $324.6M
- P/E Ratio
- 12.4
- 5-Yr Total Return
- -49%
- 52-Week Range
- $12.09 – $16.75
- Dividend Safety
- C · 60/100
- Ever Cut?
- No
Frequently Asked Questions
NLCP Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+6%
5 Years
-49%
52-Week Range
$12.09 – $16.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NLCP worth?
Undervaluedlow confidenceOur blended fair-value estimate for NewLake Capital Partners, Inc. is $24.30 per share, versus a market price of $15.33. That implies 59% of upside — a margin of safety of about 37%.
Fair Value
$24.30
Current Price
$15.33
Upside
+59%
Margin of Safety
37%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.4% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.25 EPS, $1.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NLCP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.4300 | regular |
| Mar 31, 2026 | — | $0.4300 | regular |
| Dec 31, 2025 | — | $0.4300 | regular |
| Sep 30, 2025 | — | $0.4300 | regular |
| Jun 30, 2025 | — | $0.4300 | regular |
| Mar 31, 2025 | — | $0.4300 | regular |
| Dec 31, 2024 | — | $0.4300 | regular |
| Sep 30, 2024 | — | $0.4300 | regular |
| Jun 28, 2024 | — | $0.4300 | regular |
| Mar 27, 2024 | — | $0.4100 | regular |
| Dec 28, 2023 | — | $0.4000 | regular |
| Sep 28, 2023 | — | $0.3900 | regular |
| Jun 29, 2023 | — | $0.3900 | regular |
| Mar 30, 2023 | — | $0.3900 | regular |
Income Calculator
At $1.72 / yr per share
