Wednesday Is Your Last Chance To Buy Gladstone Land Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Gladstone Land (NASDAQ:LAND) has announced a monthly dividend of 4.62 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 31, 2023.
July 17, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gladstone Land's stock price is expected to open lower on Thursday due to the ex-dividend status. However, the announced dividend could attract investors seeking income, potentially supporting the stock price.
The announcement of a dividend typically attracts income-seeking investors, which could support the stock price. However, the stock is expected to open lower on the ex-dividend date as it will trade without the rights to the newly announced dividend. The net impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100