Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Wednesday, February 18th.
Gladstone Land Stock Performance
Shares of Gladstone Land stock opened at $19.28 on Wednesday. Gladstone Land has a 52-week low of $18.21 and a 52-week high of $22.45. The stock’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $19.39.
Gladstone Land Company Profile
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.
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