In trading on Tuesday, shares of Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) were yielding above the 7.5% mark based on its monthly dividend (annualized to $1.50), with shares changing hands as low as $19.82 on the day. This compares to an average yield of 8.15% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, LANDP was trading at a 19.72% discount to its liquidation preference amount, versus the average discount of 14.85% in the "Real Estate" category.

The chart below shows the one year performance of LANDP shares, versus LAND:

Below is a dividend history chart for LANDP, showing historical dividend payments on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock:

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In Tuesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.4% on the day, while the common shares (Symbol: LAND) are up about 1.7%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.