Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Tuesday, October 14th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.125 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, December 22nd.
Gladstone Land Trading Up 1.0%
Shares of NASDAQ LANDO opened at $18.94 on Friday. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $21.40. The company’s 50-day moving average is $19.34 and its 200 day moving average is $19.48.
About Gladstone Land
Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.
The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.
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