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

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Monday, April 21st, investing.com reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.1042 per share on Wednesday, April 30th. This represents a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, April 21st.

Gladstone Land Stock Down 0.4 %

Gladstone Land stock opened at $24.66 on Tuesday. The firm’s 50 day simple moving average is $24.77 and its 200 day simple moving average is $24.75. Gladstone Land has a 1-year low of $23.95 and a 1-year high of $25.06.

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.