Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.125 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, March 23rd.
Gladstone Land Stock Up 0.4%
Shares of LANDP opened at $19.35 on Thursday. Gladstone Land has a 1 year low of $18.21 and a 1 year high of $22.45. The business’s 50 day simple moving average is $19.06 and its 200-day simple moving average is $19.39.
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.
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