Benzinga | Feb 12, 2021 10:21AM EST

Ex-Dividend Date Insight: Gladstone Land

On January 12, 2021, Gladstone Land (NASDAQ:LAND) announced shareholders can expect to receive a dividend payable on March 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Gladstone Land has an ex-dividend date planned for March 17, 2021. The company's current dividend payout sits at $0.04. That equates to a dividend yield of 3.72% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Gladstone Land's Dividend Performance

Over the past year, Gladstone Land has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 19, 2020 the company's payout was $0.04, which has returned to its value today. Gladstone Land's dividend yield last year was 3.74%, which has since decreased by 0.02%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Gladstone Land's previous dividends.