NewLake Capital Partners, Inc. (NLCP: OTCQX U.S.) | NewLake Capital Partners Announces Tax Characteristics of 2024 Dividends
NewLake Capital Partners, Inc. (OTCQX: NLCP) has announced the tax characteristics of its 2024 common stock dividends:
Dividend Distribution Summary
- Total dividends distributed in 2024: $1.70 per share
- Ordinary dividends: $1.47 per share
- Return of capital: $0.23 per share
- No qualified dividends or capital gains distributions
Quarterly Breakdown
| Record Date | Payment Date | Distribution Rate | Ordinary Dividends | Return of Capital |
|---|---|---|---|---|
| 3/29/2024 | 4/15/2024 | $0.41 | $0.36 | $0.05 |
| 6/28/2024 | 7/15/2024 | $0.43 | $0.37 | $0.06 |
| 9/30/2024 | 10/15/2024 | $0.43 | $0.37 | $0.06 |
| 12/31/2024 | 1/15/2025* | $0.43 | $0.37 | $0.06 |
*Note: The January 15, 2025 distribution is treated as income for the 2024 tax year.
Additional Information
- All ordinary dividends qualify as Section 199A dividends
- Stockholders should receive IRS Form 1099-DIV from their brokers or other institutions
- The company advises stockholders to consult their tax advisors regarding individual tax implications
NewLake Capital Partners is a REIT providing real estate capital to state-licensed cannabis operators through sale-leaseback and build-to-suit transactions.
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