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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 6.94%. The ex-dividend date of this dividend is Friday, December 20th.

Gladstone Land has decreased its dividend payment by an average of 8.1% annually over the last three years.

Gladstone Land Trading Up 0.3 %

Shares of LANDP stock traded up $0.06 during trading on Monday, hitting $21.62. The company had a trading volume of 15,534 shares, compared to its average volume of 19,242. The stock’s 50-day moving average price is $21.47 and its 200 day moving average price is $20.66. Gladstone Land has a one year low of $16.56 and a one year high of $22.63.

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.