Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, October 8th, NASDAQ reports. Investors of record on Tuesday, October 22nd will be given a dividend of 0.125 per share on Thursday, October 31st. This represents a $1.50 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date of this dividend is Tuesday, October 22nd.
Gladstone Land has decreased its dividend payment by an average of 8.1% per year over the last three years.
Gladstone Land Price Performance
LANDP stock opened at $21.56 on Friday. The company’s 50-day moving average price is $21.54 and its two-hundred day moving average price is $20.72. Gladstone Land has a 12 month low of $16.56 and a 12 month high of $22.63.
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.
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