Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) shares traded up 0.1% on Monday . The stock traded as high as $19.81 and last traded at $19.7150. 23,920 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 25,677 shares. The stock had previously closed at $19.69.
Gladstone Land Price Performance
The stock has a fifty day moving average of $19.71 and a two-hundred day moving average of $19.44.
Gladstone Land Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.
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.
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