Gladstone Land Corporation As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
LAND $0.55 0.0% 1.3% 0.7%
Business yield Hike yrs 5 yr CAGR freq. paid since
Farmland REIT 2.9% 8 0.8% Monthly 2013
Gladstone Land hikes dividend by 0.4%

On October 11, 2022, Gladstone Land Corporation (LAND) announced a 0.4% dividend hike to $0.0458 per share monthly. LAND has paid 116 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 28 times over the prior 31 quarters. 

The next monthly dividend by Gladstone Land will be paid on October 31, 2022 to shareholders of record on October 21, 2022. The dividend yield is 3.0% at at stock price of $18.93 for LAND. Gladstone Land has now raised its monthly dividend for 8 consecutive years.

Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. Gladstone Land owns farmland in Arizona,  California, Colorado, Florida, Michigan, Nebraska, North Carolina, Oregon and Washington. The company acquires farmland that it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent to Gladstone Land.

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Ex-date Ticker Yield YTD hike
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%