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

Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Friday, April 24th will be given a dividend of 0.0467 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, April 24th.

Gladstone Land has decreased its dividend payment by an average of 0.0%per year 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Up 2.2%

LAND opened at $10.65 on Wednesday. The company’s 50 day moving average is $11.09 and its 200-day moving average is $9.95. Gladstone Land has a 1-year low of $8.47 and a 1-year high of $13.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $446.87 million, a P/E ratio of -88.74 and a beta of 1.23.

Gladstone Land (NASDAQ:LAND) last posted its quarterly earnings results 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). Gladstone Land had a net margin of 15.31% and a return on equity of 2.01%. The company had revenue of $41.45 million during the quarter, compared to analyst estimates of $32.07 million. Equities research analysts predict that Gladstone Land will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Company Profile

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.