Gladstone Land (NASDAQ:LANDO) Trading 0.3% Higher – What’s Next?

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

Gladstone Land Trading Up 0.3%

The company has a fifty day moving average of $19.82 and a two-hundred day moving average of $19.52.

Gladstone Land Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a $0.125 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a yield of 7.5%.

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.