Gladstone Land Co. (NASDAQ:LANDO – Get Free Report)’s share price traded up 0.3% during mid-day trading on Friday . The company traded as high as $20.35 and last traded at $20.29. 5,741 shares were traded during trading, a decline of 54% from the average session volume of 12,445 shares. The stock had previously closed at $20.22.
Gladstone Land Trading Up 0.3 %
The stock’s fifty day moving average price is $20.42 and its 200-day moving average price is $21.32.
Gladstone Land Dividend Announcement
The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.39%.
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.
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