Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Friday, October 11th,Wall Street Journal reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Wednesday, November 20th.
Gladstone Land has decreased its dividend payment by an average of 8.1% per year over the last three years.
Gladstone Land Stock Performance
Shares of NASDAQ LANDP opened at $21.70 on Monday. Gladstone Land has a one year low of $18.01 and a one year high of $22.63. The business has a 50-day moving average price of $21.67 and a two-hundred day moving average price of $20.98.
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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