Gladstone Land (NASDAQ:LANDP) Shares Down 0.3% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDP) traded down 0.3% during mid-day trading on Wednesday . The company traded as low as $18.42 and last traded at $18.6590. 45,713 shares traded hands during trading, an increase of 72% from the average session volume of 26,501 shares. The stock had previously closed at $18.71.

Gladstone Land Stock Down 0.3%

The company’s 50 day moving average price is $19.20 and its 200 day moving average price is $19.43.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 8.0%.

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.