Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Tuesday, January 14th,investing.com reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, February 19th.
Gladstone Land has raised its dividend by an average of 13.9% annually over the last three years.
Gladstone Land Stock Performance
NASDAQ LANDO opened at $20.39 on Monday. The firm has a 50-day moving average of $20.71 and a 200-day moving average of $21.56. Gladstone Land has a 52-week low of $18.81 and a 52-week high of $22.90.
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.
See Also
- Five stocks we like better than Gladstone Land
- What is the NASDAQ Stock Exchange?
- Symbotic Shares Down 37%—Is It Time for Bravery or Caution?
- How to Plot Fibonacci Price Inflection Levels
- High-Yield Healthcare: 3 Stocks With Strong Dividends
- Why Invest in High-Yield Dividend Stocks?
- Beyond the Bargain Bin: 3 Stocks Leading Discount Retail
Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.
