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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, April 8th, NASDAQ Dividends reports. Stockholders of record on Monday, April 21st will be given a dividend of 0.125 per share on Wednesday, April 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.11%. The ex-dividend date is Monday, April 21st.

Gladstone Land Trading Down 2.6 %

NASDAQ:LANDP traded down $0.49 during mid-day trading on Thursday, hitting $18.49. 28,907 shares of the company’s stock were exchanged, compared to its average volume of 24,590. The business has a fifty day moving average price of $20.01 and a 200 day moving average price of $20.86. Gladstone Land has a one year low of $18.21 and a one year high of $22.63.

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.