Gladstone Land Co. to Issue Monthly Dividend of $0.13 (NASDAQ:LANDO)

by · The Markets Daily

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Monday, October 14th, Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 6.77%. The ex-dividend date is Friday, December 20th.

Gladstone Land has raised its dividend payment by an average of 82.9% annually over the last three years.

Gladstone Land Stock Down 1.3 %

Shares of NASDAQ LANDO traded down $0.30 during midday trading on Monday, reaching $22.15. 3,479 shares of the company’s stock were exchanged, compared to its average volume of 11,160. Gladstone Land has a 52-week low of $16.90 and a 52-week high of $22.90. The business’s fifty day moving average price is $22.11 and its two-hundred day moving average price is $21.02.

Gladstone Land Company Profile

(Get Free Report)

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.

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