These Two Cannabis REITs Declared Dividends For Q2 2023
Portfolio Pulse from Vuk Zdinjak
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) and NewLake Capital Partners, Inc. (OTCQX:NLCP) have both declared dividends for Q2 2023. REFI announced a quarterly cash dividend of $0.47 per share, while NLCP declared a cash dividend of $0.39 per share, representing an 11.4% YoY increase.
June 16, 2023 | 12:01 pm
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NewLake Capital Partners declared a Q2 2023 dividend of $0.39 per share, an 11.4% YoY increase, payable on July 14, 2023.
The declaration of a dividend, especially one with an 11.4% YoY increase, is a positive signal for investors, as it indicates that the company is generating enough profits to distribute to its shareholders and is growing its dividend payout. This could lead to increased demand for NLCP shares, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chicago Atlantic Real Estate Finance declared a Q2 2023 dividend of $0.47 per share, payable on July 14, 2023.
The declaration of a dividend is generally seen as a positive signal for investors, as it indicates that the company is generating enough profits to distribute to its shareholders. This could lead to increased demand for REFI shares, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100