Gladstone Land Co. (NASDAQ:LANDO) Announces $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDO) declared a monthly dividend on Tuesday, April 8th, NASDAQ Dividends reports. Shareholders of record on Monday, April 21st will be given a dividend of 0.125 per share on Wednesday, April 30th. This represents a $1.50 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Monday, April 21st.

Gladstone Land has raised its dividend payment by an average of 13.9% annually over the last three years.

Gladstone Land Price Performance

Shares of LANDO stock traded down $0.27 during mid-day trading on Thursday, hitting $18.78. The stock had a trading volume of 20,850 shares, compared to its average volume of 12,816. Gladstone Land has a 12-month low of $18.50 and a 12-month high of $22.90. The firm’s 50-day moving average is $20.19 and its two-hundred day moving average is $21.08.

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.