Gladstone Land Corp(NASDAQ:LAND) Declares Dividend of $0.0413.

Gladstone Land Corp (NASDAQ:LAND) had declared a cash dividend of $0.0413 on Jul 12, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed for Jul 22, 2016. On Jul 12, 2016 share price, the yield comes out to be 4.4689%. The dividend payable date has been fixed on Aug 2, 2016.

Gladstone Land Corp (LAND) made into the market gainers list on Fridays trading session with the shares advancing 0.73% or 0.08 points. Due to strong positive momentum, the stock ended at $11.09, which is also near the day’s high of $11.23. The stock began the session at $11.01 and the volume stood at 34,810 shares. The 52-week high of the shares is $11.48 and the 52 week low is $6.72. The company has a current market capitalization of $111 M and it has 99,92,941 shares in outstanding.

Gladstone Land Corp(LAND) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.68M. Analysts had an estimated revenue of $3.67M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Lewis Parrish (CFO) purchased 150 shares at $10.00 per share price.Also, On May 9, 2016, Paul W Adelgren (director) purchased 1,000 shares at $10.19 per share price.On Mar 10, 2016, David Gladstone (CEO) purchased 19,000 shares at $8.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Gladstone Land Corporation is an externally-managed agricultural Real Estate Investment Trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations. As of December 31 2014 the Company owns 8370 acres consisted of 33 farms 15 in California nine in Florida four in Michigan four in Oregon and one in Arizona. The Company also owns three cooling facilities and one box barn. These properties are leased to 30 separate and unrelated tenants that are either corporate or independent farmers. The Company’s business and real estate portfolio investments are managed by Gladstone Management Corporation.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *