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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Wednesday, June 19th will be paid a dividend of 0.1042 per share on Friday, June 28th. This represents a $1.25 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDM opened at $24.16 on Tuesday. The business has a 50 day moving average price of $24.06 and a 200 day moving average price of $23.84. Gladstone Land has a twelve month low of $23.22 and a twelve month high of $24.50.

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.