Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Investors of record on Monday, December 21st will be paid a dividend of $0.1250 per share on Thursday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, December 21st.
Gladstone Land Price Performance
Shares of NASDAQ:LANDP opened at $19.78 on Thursday. Gladstone Land has a 1 year low of $18.42 and a 1 year high of $21.50. The business’s 50 day simple moving average is $20.39 and its 200 day simple moving average is $20.46.
Gladstone Land Company Profile
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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