Gladstone Land Co. Plans Monthly Dividend of $0.13 (NASDAQ:LANDP)

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.125 per share on Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Friday, June 20th.

Gladstone Land Stock Down 2.1 %

Shares of LANDP stock traded down $0.39 on Thursday, hitting $18.59. 2,742 shares of the stock were exchanged, compared to its average volume of 24,490. Gladstone Land has a one year low of $18.21 and a one year high of $22.63. The firm’s 50 day moving average is $20.05 and its two-hundred day moving average is $20.89.

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.