Gladstone Land Co. (NASDAQ:LANDP) to Issue $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Friday, April 24th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, April 24th.

Gladstone Land Trading Up 0.3%

Shares of NASDAQ:LANDP opened at $20.13 on Wednesday. Gladstone Land has a 12-month low of $18.42 and a 12-month high of $20.79. The business’s fifty day simple moving average is $19.83 and its 200-day simple moving average is $19.46.

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.