I strongly urge any investors owning Gladstone Land (LAND) to get out while you can. Prima facie this company is a land play with a great dividend, but in reality it is neither. This article will demonstrate other land plays to be vastly superior and that the dividend is an illusion. Given the relevance of dividends in today's market we will begin by debunking that.
If you look at Yahoo Finance or SNL Financial, it will list LAND as having an 8.09% dividend yield based on a market price of $17.81. This is consequent to the method by which these sources calculate current yield. They take the most recent distribution declaration and annualize it. Normally, this...
Only subscribers can access this article, which is part of the PRO research library covering 3,792 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: