Gladstone Land (NASDAQ:LANDM) Trading 0.1% Higher – What’s Next?

Gladstone Land Co. (NASDAQ:LANDM)’s stock price was up 0.1% during mid-day trading on Thursday . The company traded as high as $24.96 and last traded at $24.9550. Approximately 3,022 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 6,745 shares. The stock had previously closed at $24.94.

Gladstone Land Stock Performance

The business has a 50 day moving average of $24.90 and a two-hundred day moving average of $24.85.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.1042 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, December 22nd.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.