Gladstone Land Co. (NASDAQ:LANDM) Plans $0.10 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.1042 per share on Monday, June 30th. This represents a $1.25 annualized dividend and a yield of 5.08%. The ex-dividend date is Friday, June 20th.

Gladstone Land Price Performance

Shares of NASDAQ LANDM opened at $24.63 on Friday. The stock has a 50-day moving average price of $24.77 and a two-hundred day moving average price of $24.74. Gladstone Land has a 12 month low of $23.95 and a 12 month high of $25.06.

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.