Gladstone Land Co. (LANDM) to Issue Monthly Dividend of $0.10 on March 31st

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Thursday, January 16th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, March 19th.

Gladstone Land Price Performance

LANDM stock opened at $24.76 on Monday. The company’s fifty day moving average price is $24.75 and its 200-day moving average price is $24.70. Gladstone Land has a one year low of $23.90 and a one year high of $25.06.

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.