I strongly urge any investors owning Gladstone Land (NASDAQ: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...
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