Gladstone Land (NASDAQ:LANDO) Trading Up 0.8% – Here’s Why

Shares of Gladstone Land Co. (NASDAQ:LANDO) shot up 0.8% during mid-day trading on Thursday . The company traded as high as $20.60 and last traded at $20.56. 6,198 shares were traded during trading, a decline of 59% from the average session volume of 15,152 shares. The stock had previously closed at $20.40.

Gladstone Land Stock Up 0.8%

The business has a fifty day moving average of $20.74 and a 200-day moving average of $20.21.

Gladstone Land Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Tuesday, June 23rd.

Gladstone Land Company Profile

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.