Gladstone Land (NASDAQ:LANDP) Stock Price Down 0.3% – Should You Sell?

Gladstone Land Co. (NASDAQ:LANDP) was down 0.3% during mid-day trading on Wednesday . The stock traded as low as $18.42 and last traded at $18.6590. Approximately 45,713 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 26,501 shares. The stock had previously closed at $18.71.

Gladstone Land Trading Up 0.0%

The stock has a fifty day simple moving average of $19.19 and a 200-day simple moving average of $19.42.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.125 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, December 22nd.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.