Gladstone Land Co. (NASDAQ:LANDO – Get Free Report)’s stock price shot up 0.8% on Thursday . The stock traded as high as $20.60 and last traded at $20.56. 6,198 shares changed hands during trading, a decline of 59% from the average session volume of 15,152 shares. The stock had previously closed at $20.40.
Gladstone Land Stock Performance
The firm’s 50 day simple moving average is $20.73 and its 200 day simple moving average is $20.21.
Gladstone Land Announces Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.
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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