Gladstone Land Co. Plans Dividend of $0.10 (NASDAQ:LANDM)

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Friday, January 24th,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.1042 per share on Friday, January 31st. This represents a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Land Price Performance

Shares of NASDAQ LANDM traded down $0.04 during midday trading on Friday, reaching $24.66. The company’s stock had a trading volume of 741 shares, compared to its average volume of 3,996. Gladstone Land has a fifty-two week low of $23.69 and a fifty-two week high of $25.06. The stock has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $24.59.

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.