When a company declares a dividend, there’s significantly more interest in the stock among investors, and it would be interesting to see if the NewLake Capital Partners Inc. (OCT: NLCP) stock gets any traction among investors today. The company announced its fourth quarter and full year 2024 financial results yesterday while announcing a cash dividend at the same time.
2025 Cash Dividend
In the news release, NewLake Capital Partners announced a cash dividend to the tune of $0.43 a share for the fourth fiscal quarter, which worked out to a boost of 7.5% year on year. The revenues for the quarter were $12.5 million, slightly lower than the $13 million in the prior year period. The revenues for the full year were $50.1 million, which worked out to a significant rise from the $47.3 million in revenues in the previous fiscal year.
Further Information
The company also stated that although 2024 had proven to be a challenging year for the overall cannabis industry, it still managed to deliver growth for the full year on a year-on-year basis. As a consequence, the annual dividend had also been boosted to $1.70 a share.
Fundamentals
| P/E Ratio | 12.50 |
| PEG Ratio | 1.02 |
| Price to Book | 0.83 |
| Price to Cash Flow | 9.40169 |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 50.64 M |
| Revenue per Share (TTM) | 2.41 |
| Shares Outstanding | 21.450 M |
| Share Float (%) | 20.66 M (96.33%) |
| % Held by Institutions | 2.12 |
| Dividends Per Share (TTM) | 1.70 |
| Ex-Dividend Date | 2024-12-31 |
