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

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.125 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, March 23rd.

Gladstone Land Stock Performance

Shares of LANDO traded down $0.03 during mid-day trading on Wednesday, hitting $19.42. 2,669 shares of the company traded hands, compared to its average volume of 32,872. The business has a 50 day moving average of $19.12 and a 200 day moving average of $19.42. Gladstone Land has a 1-year low of $18.50 and a 1-year high of $21.15.

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.