Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Friday, September 20th.
Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.
Gladstone Land Stock Performance
Shares of LANDP stock opened at $22.20 on Wednesday. Gladstone Land has a 52-week low of $15.90 and a 52-week high of $22.63. The firm has a fifty day moving average of $21.15 and a 200-day moving average of $20.41.
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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