Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Wednesday, June 19th will be given a dividend of 0.125 per share on Friday, June 28th. This represents a $1.50 annualized dividend and a yield of 7.67%. The ex-dividend date is Tuesday, June 18th.
Gladstone Land has raised its dividend payment by an average of 58.7% per year over the last three years.
Gladstone Land Stock Performance
Gladstone Land stock opened at $19.55 on Wednesday. Gladstone Land has a 1 year low of $16.85 and a 1 year high of $24.16. The firm’s 50 day moving average price is $20.32 and its two-hundred day moving average price is $19.34.
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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