Gladstone Land Corp’s 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is set to trade ex-dividend on June 23, 2026, with a monthly dividend of $0.125 per share.
The dividend will be payable to eligible shareholders on June 30, 2026, making it a near-term income event for holders of the preferred stock.
Based on LANDP’s recent share price of $20.30, the $0.125 dividend represents approximately 0.62% of the stock’s current value.
Investors should expect shares of LANDP to open roughly 0.62% lower on the ex-dividend date of June 23, 2026, all else being equal, reflecting the dividend adjustment.
On an annualized basis, LANDP’s current yield sits at approximately 7.36%, a figure that provides useful context for income-focused investors evaluating preferred stock options.
That annualized yield compares to an average yield of 8.04% across the broader “Real Estate” preferred stock category, according to Preferred Stock Channel.
The preferred shares are trading slightly below that category average, suggesting investors are pricing in some degree of relative stability or quality in Gladstone Land’s preferred offering.
In Monday trading, LANDP was off about 0.4% on the day, while the common shares of Gladstone Land Corp (Symbol: LAND) were down approximately 0.8%.
The common stock’s steeper decline on the day underscores how preferred shares can sometimes offer more price stability compared to common equity, particularly during minor market pullbacks.
According to the ETF Finder at ETF Channel, Gladstone Land Corp (Symbol: LAND) makes up 1.54% of the ALPS REIT Dividend Dogs ETF (RDOG), which was trading up about 0.6% on the day Monday.
Gladstone Land Corp operates as a real estate investment trust focused on farmland, a sector that has attracted growing attention from income investors seeking assets with tangible underlying value.
Preferred stocks like LANDP appeal to investors who prioritize consistent income streams, as they carry fixed dividend rates and typically rank ahead of common shares in distribution priority.
The 6.00% cumulative redeemable structure of LANDP means that any missed dividends must be paid before common shareholders receive distributions, adding a layer of income protection for preferred holders.
For investors comparing real estate preferred stocks, LANDP’s 7.36% annualized yield remains a notable figure, even as it trails the broader category average of 8.04% tracked by Preferred Stock Channel.
