Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a monthly dividend on Monday, October 14th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Friday, December 20th.
Gladstone Land has increased its dividend by an average of 82.9% annually over the last three years.
Gladstone Land Price Performance
LANDO stock opened at $21.34 on Wednesday. Gladstone Land has a 52 week low of $18.66 and a 52 week high of $22.90. The company’s 50-day moving average price is $21.90 and its 200 day moving average price is $21.73.
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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