Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Monday, April 21st, investing.com reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.125 per share on Wednesday, April 30th. This represents a dividend yield of 7.48%. The ex-dividend date of this dividend is Monday, April 21st.
Gladstone Land has increased its dividend by an average of 13.9% per year over the last three years.
Gladstone Land Stock Performance
Shares of NASDAQ:LANDO opened at $20.40 on Wednesday. Gladstone Land has a 52 week low of $18.50 and a 52 week high of $22.90. The company has a 50-day moving average price of $20.04 and a 200 day moving average price of $20.88.
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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