Gladstone Land Corporation LAND is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties in major U.S. agricultural markets and leases its properties to third-party farmers.
The 52-week range of Gladstone Land's price was $12.30 to $15.36.
Gladstone Land's dividend yield is 4.54%. Over the last 12 months, it paid $0.56 per dividend share.
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The Latest On Gladstone Land
On Nov. 6, the company announced its Q3 2024 earnings, posting revenues of $22.57 million, beating the consensus estimate of $21.59 million. The company’s EPS of $0.13 also met expectations.
Total cash lease revenues decreased, driven by lower fixed-base cash rents on certain properties, partially offset by additional participation rents recorded in the current quarter. Fixed-base cash rents decreased by approximately $2.6 million, primarily due to the sale of a large farm in Florida during Q1 2024 and reduced revenue from certain vacant, direct-operated and nonaccrual properties.
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How Can You Earn $100 Per Month As A Gladstone Land Investor?
If you want to make $100 per month –$1,200 annually – from Gladstone Land dividends, your investment value would need to be approximately $26,432 or 2,142 shares at $12.34 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.54% in this case). So, $1,200 / 0.0454 = $26,432 to generate $100 monthly.
You can calculate the dividend yield by dividing the annual dividend payments by the stock's current price.
The dividend yield can change due to fluctuating stock prices and dividend payments.
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For instance, assume a stock that pays a $2 annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
Check out this article by Benzinga for three companies offering high dividend yields.
In summary, income-focused investors may find Gladstone Land stock an attractive option for earning a steady $100 per month by owning 2,142 shares of stock.
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