Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Wednesday, February 18th.
Gladstone Land Stock Down 0.2%
NASDAQ LANDO opened at $20.04 on Monday. The firm’s 50-day moving average is $19.35 and its two-hundred day moving average is $19.45. Gladstone Land has a 12 month low of $18.50 and a 12 month high of $20.90.
About Gladstone Land
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.
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