Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Investors of record on Thursday, November 19th will be given a dividend of $0.1250 per share on Monday, November 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, November 19th.
Gladstone Land Trading Up 0.2%
LANDP stock opened at $19.78 on Thursday. Gladstone Land has a 52 week low of $18.42 and a 52 week high of $21.50. The company has a fifty day simple moving average of $20.39 and a two-hundred day simple moving average of $20.46.
About Gladstone Land
Gladstone Land Corporation is a real estate investment trust (REIT) that owns and leases farmland and agricultural properties in the United States. The company primarily invests in high-quality farmland that can generate rental income from agricultural operators under long-term lease agreements.
Its portfolio includes properties used to grow a variety of crops, including vegetables, fruits, nuts and other specialty crops, as well as annual row crops. Gladstone Land generally leases its properties to farming businesses under arrangements designed to provide recurring rental income while allowing tenants to manage day-to-day agricultural operations.
Gladstone Land serves agricultural markets across multiple U.S.
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