Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Wednesday, January 22nd,investing.com reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a yield of 7.29%. The ex-dividend date of this dividend is Friday, January 24th.
Gladstone Land has increased its dividend by an average of 22.4% per year over the last three years.
Gladstone Land Stock Down 0.1 %
Shares of LANDO traded down $0.02 during trading hours on Wednesday, reaching $20.55. 13,368 shares of the company traded hands, compared to its average volume of 13,105. The stock’s fifty day moving average price is $21.28 and its 200 day moving average price is $21.68. Gladstone Land has a 12-month low of $18.81 and a 12-month high of $22.90.
About Gladstone Land
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.
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