Gladstone Land Corp's LANDP to Trade Ex-Dividend Soon

Dividends and Trading Adjustments Ahead for LANDP. On January 24, 2025, Gladstone Land Corp's LANDP will trade ex-dividend, expecting a price drop of 0.60% due to its monthly dividend of $0.125. Investors need to watch adjustments closely.

Date: 22-01-2025

AI Rating: 6

Gladstone Land Corp's preferred stock, LANDP, is poised for its ex-dividend date on January 24, 2025. The stock will trade ex-dividend for a monthly dividend of $0.125. Notably, this dividend represents approximately 0.60% of LANDP's recent share price of $20.77, indicating that, all else being equal, shares may open lower post-ex-dividend.

**Annualized Yield Comparison**: The current dividend yield for LANDP is about 7.23%, which is slightly below the average yield of 7.78% in the "Real Estate" preferred stock category. This small difference could influence investment decisions for those considering the relative attractiveness of preferred stocks in this sector.

**Trading Performance Note**: On the trading day referenced, LANDP shares were up approximately 0.1%, while the common shares of Gladstone Land (LAND) were noted to be down by about 6.2%. The discrepancy in performance between the preferred and common shares may catch the attention of investors, signaling differing market perceptions and risk evaluations between the two securities.

Overall, while the dividend announcement is a routine procedure, it could lead to a short-term adjustment in the stock price of LANDP, affecting investor sentiment and trading activities within the sector. The steady yield, although lower than the category average, remains attractive in a low-interest-rate environment.

Stocks: LANDP LAND