Gladstone Land (NASDAQ:LANDP) Trading Down 0.4% – Here’s What Happened

Shares of Gladstone Land Co. (NASDAQ:LANDP) fell 0.4% during trading on Wednesday . The stock traded as low as $20.10 and last traded at $20.15. Approximately 39,737 shares changed hands during trading, an increase of 58% from the average session volume of 25,220 shares. The stock had previously closed at $20.24.

Gladstone Land Price Performance

The company has a 50-day moving average of $20.48 and a 200 day moving average of $19.89.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, June 23rd.

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.