Gladstone Land Co. (NASDAQ:LANDM) to Issue $0.10 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, January 13th. Investors of record on Tuesday, February 24th will be paid a dividend of 0.1042 per share on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 24th.

Gladstone Land Trading Up 0.1%

LANDM traded up $0.02 during trading hours on Wednesday, reaching $25.04. The company’s stock had a trading volume of 27,215 shares, compared to its average volume of 12,430. Gladstone Land has a fifty-two week low of $24.35 and a fifty-two week high of $25.05. The business’s 50-day moving average is $24.91 and its 200-day moving average is $24.88.

About Gladstone Land

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.