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NewLake Capital PartnersNLCP -0.77%83 Dividend Yield % is 11.04% as of Jul. 31, 2026, which is 13% above its 10-year median of 9.78. GuruFocus rates NLCP with a GF Score™ of 83/100 and a GF Value™ of $14.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 861 REITs companies, NewLake Capital Partners ranks better than 74.68% on this metric.
As of today (2026-07-31), the Trailing Annual Dividend Yield of NewLake Capital Partners is 11.04%.
Warning Sign:
NewLake Capital Partners Inc stock Dividend Yield % is close to 1-year low.
The historical rank and industry rank for NewLake Capital Partners's Dividend Yield % or its related term are showing as below:
NLCP'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.38 Med: 9.78 Max: 13.82
Current: 11.04
During the past 6 years, the highest Dividend Yield of NewLake Capital Partners was 13.82%. The lowest was 0.38%. And the median was 9.78%.
NLCP's Dividend Yield % is ranked better than 74.68% of 861
companies
in the REITs industry
Industry Median: 6.76
vs NLCP: 11.04
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NewLake Capital Partners Inc is 1.39, which seems too high.
During the past 6 years, the highest Dividend Payout Ratio of NewLake Capital Partners was 1.40. The lowest was 0.66. And the median was 1.34.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.10% per year.
During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of NewLake Capital Partners was 58.10% per year. The lowest was 6.10% per year. And the median was 32.10% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
NewLake Capital Partners (OTCPK:NLCP) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NLCP vs LAND, FPI, SELF: Dividend Yield % Comparison
For the REIT - Specialty subindustry, NewLake Capital Partners's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NewLake Capital Partners Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, NewLake Capital Partners's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where NewLake Capital Partners's Dividend Yield % falls into.
NewLake Capital Partners Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
NewLake Capital Partners Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.430000
2026-06-30
2026-06-30
2026-07-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.430000
2026-03-31
2026-03-31
2026-04-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.430000
2025-12-31
2025-12-31
2026-01-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.430000
2025-09-30
2025-09-30
2025-10-15
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NewLake Capital Partners (NLCP) has a Dividend Yield % of 11.04% as of Jul. 31, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on NewLake Capital Partners and its competitors. This is 13% above median its historical median of 9.78. Over the past decade, NewLake Capital Partners' Dividend Yield % has ranged from 0.38 to 13.82. According to the industry distribution chart, NewLake Capital Partners ranks #218 out of 861 companies in the REITs industry, placing it in the top 25.3%.
Is NewLake Capital Partners' Dividend Yield % too high?
NewLake Capital Partners' current Dividend Yield % of 11.04% is 13% above median its 10-year median of 9.78. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 13.82. The REITs industry median Dividend Yield % is 6.76. NewLake Capital Partners' value of 11.04% is 63.3% above this industry median. Based on the distribution chart, NewLake Capital Partners ranks #218 out of 861 companies in the REITs industry, which is above the industry midpoint. Overall, NewLake Capital Partners has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NewLake Capital Partners' Dividend Yield % compare to LAND and FPI?
According to the REITs industry distribution chart, NewLake Capital Partners ranks #218 out of 861 companies for Dividend Yield %. This puts NewLake Capital Partners in the upper half of its industry. The industry median Dividend Yield % is 6.76. NewLake Capital Partners' value of 11.04% is 63.3% above this benchmark. Historically, NewLake Capital Partners' own Dividend Yield % has ranged from 0.38 to 13.82 over the past decade. While the company's 10-year median is 9.78 vs. the industry median of 6.76, NewLake Capital Partners has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.76, based on 861 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewLake Capital Partners's current Dividend Yield % of 11.04% is 63.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on NewLake Capital Partners and its competitors. For the REITs industry, the median Dividend Yield % is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewLake Capital Partners's current Dividend Yield % is 11.04%, which is 13% above median its own 10-year median of 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewLake Capital Partners stock overvalued right now?
Based on GuruFocus' analysis, NewLake Capital Partners (NLCP) is currently considered Fairly Valued. The stock's GF Value™ is $14.85, compared to a current price of $15.58 — trading 4.9% above its estimated fair value. The current Dividend Yield % is 11.04%, which is 13% above median its 10-year median of 9.78 and 63.3% above the REITs industry median of 6.76. NewLake Capital Partners' overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For NewLake Capital Partners (NLCP), the current Dividend Yield % is 11.04% as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NewLake Capital Partners (NLCP) Overvalued in 2026?
Based on GuruFocus' analysis, NewLake Capital Partners stock appears to be overvalued.
The current stock price of $15.58 is trading 4.9% above its estimated GF Value™ of $14.85.
GuruFocus considers NewLake Capital Partners to be Fairly Valued.
Key valuation signals for NLCP:
Dividend Yield %: 11.04% (13% above median its 10-year median of 9.78)
GF Value™: $14.85 vs. price of $15.58 (4.9% above fair value)
Industry Position: 63.3% above the REITs median (#218 of 861)
No single metric tells the full story. See the NLCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NewLake Capital Partners Inc is an internally managed real estate investment trust (REIT) focused on providing real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases and funding for build-to-suit projects. properties are leased to single tenants on a long-term, triple-net basis, which obligates the tenant to be responsible for the ongoing expenses of a property, in addition to its rent obligations. Its tenants operate in the fast-growing cannabis industry.
83GF Score
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