NewLake, an 11% dividend stock, is presented as a good deal despite tenant risks, due to its strong balance sheet and low debt.
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This 11% Dividend Stock is Now a Great Deal
Jul 24, 2026
The creator analyzes NewLake Capital Partners (NLCP), a REIT yielding over 11% that provides real estate capital to state-licensed cannabis operators. Despite a significant share price drop since its IPO, attributed to rising interest rates affecting all REITs, the stock's high yield is partly due to its OTC listing and low trading volume. Recent rescheduling of cannabis products to Schedule 3 by the Trump administration is seen as a positive catalyst for the industry and NLCP, potentially increasing demand for their services and making financing more accessible. However, the creator notes a lack of dividend growth in over two years and a recent increase in the AFFO payout ratio, raising concerns about the sustainability of the high dividend.
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