Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.1250 per share on Friday, October 30th. This represents a $1.50 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, October 23rd.
Gladstone Land Price Performance
LANDP opened at $19.53 on Wednesday. Gladstone Land has a one year low of $18.42 and a one year high of $21.50. The stock’s fifty day moving average is $20.25 and its 200-day moving average is $20.45.
Gladstone Land Company Profile
Gladstone Land Corporation is a real estate investment trust (REIT) that owns and manages farmland in the United States. The company’s properties are used to grow a range of agricultural products, including fresh produce, permanent crops such as almonds and pistachios, and traditional row crops.
Gladstone Land generally leases its properties to farmers under long-term, typically triple-net lease agreements. Under this structure, tenants are generally responsible for property-level expenses such as operating costs, maintenance, insurance and taxes.
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