Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.125 per share on Friday, August 30th. This represents a $1.50 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Wednesday, August 21st.
Gladstone Land has raised its dividend by an average of 82.9% per year over the last three years.
Gladstone Land Price Performance
Shares of LANDO stock opened at $22.47 on Tuesday. The company’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $20.54. Gladstone Land has a 52 week low of $16.85 and a 52 week high of $22.47.
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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