Gladstone Land Co. (NASDAQ:LANDM) to Issue Dividend Increase – $0.10 Per Share

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.1042 per share on Monday, March 31st. This represents a $1.25 annualized dividend and a yield of 5.06%. The ex-dividend date is Wednesday, March 19th. This is a positive change from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Stock Down 0.2 %

NASDAQ LANDM opened at $24.68 on Friday. Gladstone Land has a 1-year low of $23.64 and a 1-year high of $25.06. The company has a 50 day moving average of $24.82 and a 200-day moving average of $24.57.

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.