Markets

Cash Dividend On The Way From Gladstone Land Corp's 6.375% Series A Cumulative Term Preferred Stock

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Shutterstock photo

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On 11/17/17, Gladstone Land Corp's 6.375% Series A Cumulative Term Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.1328, payable on 11/30/17. As a percentage of LANDP's recent share price of $26.19, this dividend works out to approximately 0.51%, so look for shares of LANDP to trade 0.51% lower - all else being equal - when LANDP shares open for trading on 11/17/17. On an annualized basis, the current yield is approximately 6.08%, which compares to an average yield of 6.36% 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:

Performance Comparison Chart

Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.1328 on Gladstone Land Corp's 6.375% Series A Cumulative Term Preferred Stock:

LANDP+Dividend+History+Chart

In Wednesday trading, Gladstone Land Corp's 6.375% Series A Cumulative Term Preferred Stock (Symbol: LANDP) is currently down about 0.1% on the day, while the common shares (Symbol: LAND) are down about 0.2%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LAND LANDP