These Two Cannabis REITs Declared Dividends For Q2 2023

Chicago Atlantic Real Estate Finance, Inc. REFI and NewLake Capital Partners, Inc. NLCP both declared the second quarter 2023 dividends.

Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the second quarter of 2023.

The dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 14, 2023, to shareholders of record as of the close of business on June 30, 2023.

NewLake Capital Partners

NewLake Capital Partners, a provider of real estate capital to state-licensed cannabis operators, announced that its board of directors has declared a second quarter 2023 cash dividend of $0.39 per share of common stock.

The dividend is equivalent to an annualized dividend of $1.56 per common share. This represents an 11.4% increase year-over-year. The dividend is payable on July 14, 2023, to stockholders of record at the close of business on June 30, 2023.

Photo: Benzinga edit with photo by Kindel Media on Pexels

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