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

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, April 8th, NASDAQ Dividends reports. Stockholders of record on Monday, April 21st will be paid a dividend of 0.1042 per share on Wednesday, April 30th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Monday, April 21st.

Gladstone Land Stock Performance

Gladstone Land stock traded down $0.03 during mid-day trading on Thursday, hitting $24.63. The company’s stock had a trading volume of 2,862 shares, compared to its average volume of 3,239. Gladstone Land has a 12 month low of $23.95 and a 12 month high of $25.06. The business has a 50 day moving average price of $24.78 and a 200-day moving average price of $24.74.

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.