Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Monday, December 21st will be given a dividend of $0.1250 per share on Thursday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, December 21st.
Gladstone Land Trading Down 0.1%
Shares of LANDP stock opened at $19.75 on Wednesday. Gladstone Land has a 1-year low of $18.42 and a 1-year high of $21.50. The firm’s 50-day simple moving average is $20.43 and its 200-day simple moving average is $20.46.
About Gladstone Land
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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