Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, March 19th.
Gladstone Land has raised its dividend by an average of 174.6% annually over the last three years.
Gladstone Land Stock Performance
Shares of NASDAQ:LANDP opened at $20.50 on Friday. Gladstone Land has a 12-month low of $18.75 and a 12-month high of $22.63. The company has a fifty day simple moving average of $21.27 and a 200 day simple moving average of $21.31.
Gladstone Land Company Profile
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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