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

Gladstone Land Co. (NASDAQ:LANDO) declared a dividend on Tuesday, January 21st,investing.com reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.29%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Land has raised its dividend payment by an average of 22.4% per year over the last three years.

Gladstone Land Stock Performance

NASDAQ LANDO traded up $0.30 during trading on Tuesday, hitting $20.57. 13,193 shares of the company’s stock traded hands, compared to its average volume of 13,091. The stock has a fifty day moving average of $21.30 and a two-hundred day moving average of $21.68. Gladstone Land has a 12-month low of $18.81 and a 12-month high of $22.90.

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.