Gladstone Land (NASDAQ:LANDO) Shares Down 0.7% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDO) shares traded down 0.7% during mid-day trading on Wednesday . The stock traded as low as $20.75 and last traded at $20.84. 10,175 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 14,810 shares. The stock had previously closed at $20.99.

Gladstone Land Stock Down 0.7%

The stock’s fifty day simple moving average is $20.81 and its 200 day simple moving average is $20.03.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, June 23rd.

About Gladstone Land

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.