Gladstone Land (NASDAQ:LANDP) Trading Down 0.1% – What’s Next?

Shares of Gladstone Land Co. (NASDAQ:LANDP) were down 0.1% on Monday . The stock traded as low as $19.60 and last traded at $19.82. Approximately 34,560 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 24,593 shares. The stock had previously closed at $19.83.

Gladstone Land Price Performance

The business’s fifty day moving average price is $20.77 and its 200 day moving average price is $20.45.

Gladstone Land Announces Dividend

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

Gladstone Land Company Profile

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.