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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, April 9th, NASDAQ reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.1042 per share on Tuesday, April 30th. This represents a $1.25 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, April 18th.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDM opened at $24.07 on Wednesday. The company’s fifty day moving average is $24.07 and its 200-day moving average is $23.85. Gladstone Land has a 52 week low of $23.22 and a 52 week high of $24.50.

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.