NewLake Capital maintains $0.39 quarterly dividend, upsizes share repurchase program by $10M

NewLake Capital Partners, Inc.

Board declared Q3 2023 cash dividend of $0.39 per share ($1.56 annualized), payable Oct 13 to holders of record Sep 29.
Company repurchased 713,831 shares at avg $12.96, using $9.3M of original $10M authorization.
Board authorized $10M increase to repurchase program, extended to Dec 31, 2024; approx $10.7M remaining.
CEO cites compelling value in stock and opportunity to invest in own shares while pursuing sale-leaseback deals.

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