Gladstone Land Co. (NASDAQ:LANDO) to Issue $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Tuesday, January 14th,investing.com reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Land has increased its dividend payment by an average of 13.9% annually over the last three years.

Gladstone Land Stock Down 0.5 %

Shares of LANDO opened at $20.39 on Monday. The stock has a 50 day moving average of $20.71 and a 200 day moving average of $21.56. Gladstone Land has a 12 month low of $18.81 and a 12 month high of $22.90.

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.