Gladstone Land (NASDAQ:LANDO) Trading Up 0.4% – What’s Next?

Shares of Gladstone Land Co. (NASDAQ:LANDO) traded up 0.4% during trading on Monday . The company traded as high as $19.88 and last traded at $19.86. Approximately 23,056 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 15,076 shares. The stock had previously closed at $19.78.

Gladstone Land Price Performance

The company’s fifty day simple moving average is $21.09 and its 200 day simple moving average is $20.76.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Land Company Profile

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.