Gladstone Land Co. to Issue Monthly Dividend of $0.10 (NASDAQ:LANDM)

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.1042 per share on Monday, September 30th. This represents a $1.25 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Friday, September 20th.

Gladstone Land Stock Up 0.1 %

Shares of Gladstone Land stock opened at $24.52 on Thursday. The firm’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $24.23. Gladstone Land has a 12 month low of $23.32 and a 12 month high of $24.80.

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.