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

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.1042 per share on Tuesday, April 30th. This represents a $1.25 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, April 18th.

Gladstone Land Stock Up 0.3 %

Shares of LANDM stock opened at $24.16 on Tuesday. The stock has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $23.84. Gladstone Land has a fifty-two week low of $23.22 and a fifty-two week high of $24.50.

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.