Gladstone Land: Dividend Insights
Portfolio Pulse from Benzinga Insights
Gladstone Land (NASDAQ:LAND) announced it will pay a monthly dividend of 4.64 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 4.64 cents lower. Shareholders owning LAND by the end of Wednesday's session will be eligible for the dividend payout. The dividend will be paid out on October 31, 2023.
October 16, 2023 | 2:45 pm
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Gladstone Land's stock price is expected to open lower on Thursday due to the ex-dividend status. However, the announced dividend could attract more investors, potentially balancing the short-term impact.
When a stock goes ex-dividend, its price typically drops to reflect the payout, which could lead to a short-term decrease in LAND's stock price. However, the announcement of a dividend can also attract new investors, which could offset this decrease.
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