Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.1250 per share on Friday, October 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, October 23rd.
Gladstone Land Stock Performance
Shares of Gladstone Land stock opened at $19.78 on Thursday. The stock’s 50-day simple moving average is $20.39 and its 200-day simple moving average is $20.46. Gladstone Land has a 52 week low of $18.42 and a 52 week high of $21.50.
Gladstone Land Company Profile
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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