Gladstone Land Co. (NASDAQ:LAND) Announces Dividend Increase – $0.05 Per Share

Posted by Karen Miller on Jan 21st, 2025

Gladstone Land Co. (NASDAQ:LAND – Get Free Report) declared a dividend on Monday, January 20th,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.0467 per share by the real estate investment trust on Friday, January 31st. This represents a yield of 5.2%. The ex-dividend date is Friday, January 24th. This is a positive change from Gladstone Land’s previous dividend of $0.04.

Gladstone Land has a payout ratio of -311.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Land to earn $0.52 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 107.7%.

Gladstone Land Price Performance

Shares of NASDAQ LAND opened at $10.77 on Tuesday. Gladstone Land has a fifty-two week low of $10.27 and a fifty-two week high of $15.36. The stock has a fifty day moving average of $11.25 and a 200-day moving average of $12.96. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners downgraded shares of Gladstone Land from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $14.50 in a report on Friday, November 8th.

Get Our Latest Stock Report on LAND

About Gladstone Land

(Get Free Report)

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.