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Gladstone Land Corporation (NASDAQ:LAND) is a 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 52-week range of Gladstone Land stock price was $10.27 to $15.36.
Gladstone Land’s dividend yield is 5.32%. It paid $0.56 per share in dividends during the last 12 months.
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On Feb. 19, the company announced its Q4 2024 earnings, posting FFO of $0.09, missing the consensus estimate of $0.11, while revenues of $21.10 million came in above the consensus estimate of $20.45 million, as reported by Benzinga.
“Our annual row crop farms, including those in California and Florida, continue to perform, both in terms of value appreciation and rent growth. The market for many permanent crop farms in the west has been negatively impacted by lower crop prices, higher input costs, and water uncertainty. As such, we’ve been taking a different approach with the leases on some of these farms, whereby we will grant the tenants a cash allowance to cover a portion of their growing costs in return for receiving a larger portion of the gross crop proceeds on the farms. We may also decide to operate some of these farms ourselves with the help of a third-party operator,” CEO David Gladstone said.
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If you want to make $100 per month — $1,200 annually — from Gladstone Land dividends, your investment value needs to be approximately $22,556, which is around 2,144 shares at $10.52 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (5.32% in this case). So, $1,200 / 0.0532 = $22,556 to generate an income of $100 per month.
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