Gladstone Land Corporation (LAND) To Go Ex-Dividend on December 21st

Gladstone Land Corporation (NASDAQ:LAND) announced a monthly dividend on Tuesday, October 13th. Investors of record on Monday, December 21st will be paid a dividend of $0.0467 per share by the real estate investment trust on Thursday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, December 21st.

Gladstone Land has a dividend payout ratio of -114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Land to earn $0.45 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 124.4%.

Gladstone Land Price Performance

LAND opened at $9.53 on Thursday. The stock has a market cap of $411.12 million, a price-to-earnings ratio of 20.93 and a beta of 1.10. Gladstone Land has a 1 year low of $7.92 and a 1 year high of $13.00. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $9.19 and a 200 day moving average price of $9.25.

Gladstone Land (NASDAQ:LAND) last issued its earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Gladstone Land had a negative net margin of 7.31% and a negative return on equity of 0.96%. The firm had revenue of $12.69 million during the quarter, compared to analysts’ expectations of $12.28 million. Analysts forecast that Gladstone Land will post 0.48 EPS for the current fiscal year.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LAND) is a real estate investment trust that owns and leases farmland in the United States. The company focuses on agricultural properties that produce a range of crops, including fruits, vegetables, and other specialty crops, as well as certain row crops.

Gladstone Land generally leases its properties to farmers and agricultural operators under long-term agreements, often structured as triple-net leases. These arrangements typically make tenants responsible for property-level operating costs, while Gladstone Land remains focused on owning and managing the underlying farmland.

Founded in 1997, the company has built a portfolio of farms across major U.S.