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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Monday, July 22nd will be paid a dividend of 0.1042 per share on Wednesday, July 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Monday, July 22nd.

Gladstone Land Price Performance

Shares of LANDM stock traded up $0.01 during trading hours on Thursday, reaching $24.25. The company’s stock had a trading volume of 1,041 shares, compared to its average volume of 3,081. Gladstone Land has a one year low of $23.32 and a one year high of $24.57. The firm’s fifty day simple moving average is $24.19 and its 200 day simple moving average is $24.05.

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.