Dividend Contenders List: Top 15

8. Gladstone Land Corporation (NASDAQ:LAND)

Dividend Yield as of March 12: 5.08%

Gladstone Land Corporation (NASDAQ:LAND) is a Virginia-based real estate investment trust company. It is conducting a strategic evaluation of its permanent crop portfolio, which includes almonds, pistachios, and grapes. Market prices for these crops have declined in recent months, while production costs continue to rise. In the past 12 months, the stock has declined by over 16%.

In the fourth quarter of 2024, Gladstone Land Corporation (NASDAQ:LAND) posted revenue of over $21 million, down 13.7% from the same period last year. Net income stood at roughly $539,000, down from approximately $1.8 million in the same period last year. The company completed the sale of 12 farms spanning 4,395 acres across Florida and Michigan, generating gross proceeds of about $70.6 million. After deducting closing costs, the transaction resulted in a net gain of approximately $10 million.

During the quarter, Gladstone Land Corporation (NASDAQ:LAND) generated nearly $11.6 million in operating cash flow. The company’s dividend history is very strong as it offers monthly dividends to shareholders. Currently, its monthly dividend comes in at $0.0467 per share for a dividend yield of 5.08%, as of March 12. The company has maintained a steady track record of rewarding shareholders, issuing monthly dividends without interruption for 141 consecutive months. Throughout its 39-year history, it has raised dividend payments 35 times, reflecting its dedication to consistent dividend growth.