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

Gladstone Land Co. (NASDAQ:LANDO) declared a dividend on Monday, January 20th,investing.com reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a yield of 7.4%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Land has increased its dividend payment by an average of 22.4% annually over the last three years.

Gladstone Land Stock Performance

Shares of LANDO traded down $0.04 during mid-day trading on Monday, reaching $20.27. The company’s stock had a trading volume of 9,914 shares, compared to its average volume of 13,083. Gladstone Land has a 1-year low of $18.81 and a 1-year high of $22.90. The business has a 50-day simple moving average of $21.32 and a two-hundred day simple moving average of $21.68.

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.