Gladstone Land Co. (NASDAQ:LANDO) to Issue Monthly Dividend of $0.12

Gladstone Land Co. (NASDAQ:LANDO) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Monday, December 21st will be given a dividend of $0.1250 per share on Thursday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, December 21st.

Gladstone Land Stock Performance

Shares of LANDO stock opened at $19.81 on Wednesday. The company has a 50 day moving average price of $20.63 and a 200 day moving average price of $20.74. Gladstone Land has a fifty-two week low of $18.50 and a fifty-two week high of $22.08.

About Gladstone Land

Gladstone Land Corporation is a real estate investment trust (REIT) focused on acquiring, owning and leasing farmland in the United States. The company primarily invests in agricultural properties that produce specialty crops, such as fruits, vegetables and nuts, as well as farmland used for other crops and agricultural purposes.

Gladstone Land generally leases its properties to experienced farmers and agricultural operators under long-term, largely fixed-rent agreements. Its portfolio may also include farm-related assets such as processing, cooling, packing and storage facilities that support agricultural production.