Gladstone Land Co. Declares Monthly Dividend of $0.13 (NASDAQ:LANDO)

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 6.68%. The ex-dividend date is Wednesday, November 20th.

Gladstone Land has raised its dividend by an average of 82.9% annually over the last three years.

Gladstone Land Price Performance

LANDO stock traded up $0.12 during midday trading on Friday, hitting $22.45. The stock had a trading volume of 6,810 shares, compared to its average volume of 11,200. The business has a 50-day moving average of $22.09 and a two-hundred day moving average of $20.99. Gladstone Land has a 52-week low of $16.90 and a 52-week high of $22.90.

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.