Gladstone Land Corporation Announces Monthly Dividend of $0.05 (NASDAQ:LAND)

Gladstone Land Corporation (NASDAQ:LAND) declared a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0467 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Land has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Gladstone Land has a dividend payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Land to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 91.8%.

Gladstone Land Stock Up 2.2%

Shares of Gladstone Land stock opened at $10.65 on Wednesday. The company has a market cap of $446.87 million, a price-to-earnings ratio of -88.74 and a beta of 1.23. The company’s 50 day moving average is $11.09 and its 200 day moving average is $9.95. Gladstone Land has a twelve month low of $8.47 and a twelve month high of $13.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35). The company had revenue of $41.45 million for the quarter, compared to the consensus estimate of $32.07 million. Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. Research analysts anticipate that Gladstone Land will post 0.52 EPS for the current year.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.