Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.125 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, August 18th.
Gladstone Land Stock Up 0.6%
Shares of NASDAQ:LANDP opened at $20.86 on Thursday. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $20.01. Gladstone Land has a 12 month low of $18.42 and a 12 month high of $21.18.
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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