Gladstone Land Corporation (NASDAQ:LAND – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.0467 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Wednesday, February 18th.
Gladstone Land has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Gladstone Land has a payout ratio of -114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Land to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 91.8%.
Gladstone Land Stock Performance
LAND opened at $9.67 on Wednesday. The stock has a market capitalization of $360.37 million, a price-to-earnings ratio of -43.95, a PEG ratio of 4.32 and a beta of 1.19. Gladstone Land has a fifty-two week low of $8.47 and a fifty-two week high of $11.93. The company has a fifty day moving average of $9.20 and a 200 day moving average of $9.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.13 and a current ratio of 1.13.
About Gladstone Land
Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.
The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.
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