Gladstone Land Co. (NASDAQ:LANDM – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Investors of record on Tuesday, February 24th will be paid a dividend of 0.1042 per share on Thursday, March 5th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 24th.
Gladstone Land Price Performance
Shares of LANDM stock opened at $25.07 on Friday. The firm has a 50 day moving average of $25.01 and a two-hundred day moving average of $24.93. Gladstone Land has a 52 week low of $24.35 and a 52 week high of $25.08.
About Gladstone Land
Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.
The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.
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