Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, July 24th.
Gladstone Land Trading Up 1.5%
Shares of LANDO opened at $20.95 on Thursday. Gladstone Land has a 52-week low of $18.50 and a 52-week high of $21.50. The company has a 50-day simple moving average of $20.71 and a 200-day simple moving average of $20.27.
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.
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