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

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Wednesday, May 21st, investing.com reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.1042 per share on Friday, May 30th. This represents a yield of 5.09%. The ex-dividend date is Wednesday, May 21st.

Gladstone Land Trading Down 0.3%

LANDM opened at $24.67 on Thursday. Gladstone Land has a 12 month low of $24.02 and a 12 month high of $25.06. The business’s 50-day moving average price is $24.74 and its 200-day moving average price is $24.78.

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.