Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.1250 per share on Friday, October 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, October 23rd.
Gladstone Land Stock Performance
Gladstone Land stock opened at $19.81 on Wednesday. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $22.08. The firm’s 50-day moving average is $20.63 and its 200-day moving average is $20.74.
Gladstone Land Company Profile
Gladstone Land Corporation is a real estate investment trust (REIT) focused on acquiring, owning and leasing farmland in the United States. The company primarily invests in agricultural properties that produce specialty crops, such as fruits, vegetables and nuts, as well as farmland used for other crops and agricultural purposes.
Gladstone Land generally leases its properties to experienced farmers and agricultural operators under long-term, largely fixed-rent agreements. Its portfolio may also include farm-related assets such as processing, cooling, packing and storage facilities that support agricultural production.
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