On 1/24/25, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 1/31/25. As a percentage of LANDP's recent share price of $20.77, this dividend works out to approximately 0.60%, so look for shares of LANDP to trade 0.60% lower — all else being equal — when LANDP shares open for trading on 1/24/25. On an annualized basis, the current yield is approximately 7.23%, which compares to an average yield of 7.78% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of LANDP shares, versus LAND:
Y YTD Return
LOW market cap history
Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock:
In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently up about 0.1% on the day, while the common shares (Symbol: LAND) are off about 6.2%.
Also see:
Top Ten Hedge Funds Holding TOAK Y YTD Return
LOW market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
