Gladstone Land Co. (NASDAQ:LANDO) Announces Monthly Dividend of $0.13

Gladstone Land Co. (NASDAQ:LANDO) declared a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, February 18th.

Gladstone Land Stock Performance

LANDO traded up $0.09 during midday trading on Wednesday, reaching $19.44. 503 shares of the company were exchanged, compared to its average volume of 36,650. Gladstone Land has a one year low of $18.50 and a one year high of $21.15. The company’s fifty day moving average price is $19.12 and its 200 day moving average price is $19.42.

Gladstone Land Company Profile

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.