Gladstone Land's Series C Preferred Stock Crosses Above 7.5% Yield Territory

Gladstone Land Corp's 6.00% Series C preferred stock (LANDP) was yielding above 7.5% on Tuesday, based on its $1.50 annualized monthly dividend, with shares trading as low as $19.82. The piece is a factual yield update on a preferred security rather than a material company event, so the likely market impact is limited.

Analysis

Gladstone Land Corp's 6.00% Series C preferred stock (LANDP) was yielding above 7.5% on Tuesday, based on its $1.50 annualized monthly dividend, with shares trading as low as $19.82. The piece is a factual yield update on a preferred security rather than a material company event, so the likely market impact is limited.