Gladstone Land (NASDAQ:LANDO) Trading Up 0.3% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDO) shares were up 0.3% on Friday . The stock traded as high as $20.07 and last traded at $20.06. Approximately 6,593 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 16,443 shares. The stock had previously closed at $20.00.

Gladstone Land Stock Performance

The stock’s 50 day moving average price is $19.82 and its 200-day moving average price is $19.52.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, March 23rd.

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.