Gladstone Land Co. (NASDAQ:LANDP – Get Free Report)’s stock price rose 0.1% on Tuesday . The stock traded as high as $20.58 and last traded at $20.44. Approximately 17,981 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 25,123 shares. The stock had previously closed at $20.41.
Gladstone Land Stock Up 0.1%
The company’s fifty day moving average price is $20.25 and its two-hundred day moving average price is $19.67.
Gladstone Land Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 7.3%.
About Gladstone Land
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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