Gladstone Land Co. (LANDM) To Go Ex-Dividend on December 20th

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Monday, October 14th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.1042 per share on Tuesday, December 31st. This represents a $1.25 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Stock Performance

NASDAQ LANDM opened at $24.70 on Wednesday. Gladstone Land has a 12 month low of $23.55 and a 12 month high of $25.06. The company’s 50 day simple moving average is $24.79 and its 200 day simple moving average is $24.52.

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.