Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, April 9th, NASDAQ reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date of this dividend is Thursday, April 18th.
Gladstone Land has decreased its dividend payment by an average of 18.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.
Gladstone Land Trading Down 1.6 %
Shares of LANDP opened at $19.24 on Tuesday. Gladstone Land has a one year low of $15.90 and a one year high of $21.50. The stock has a 50 day moving average price of $19.95 and a 200 day moving average price of $18.93.
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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