Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Friday, October 11th,Wall Street Journal reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend is Wednesday, November 20th.
Gladstone Land has increased its dividend by an average of 82.9% annually over the last three years.
Gladstone Land Stock Up 1.2 %
Shares of NASDAQ LANDO opened at $21.50 on Monday. Gladstone Land has a fifty-two week low of $18.01 and a fifty-two week high of $22.90. The firm’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $21.38.
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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