Gladstone Land Co. (NASDAQ:LANDO) to Issue $0.13 Dividend

Gladstone Land Co. (NASDAQ:LANDO) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a dividend yield of 7.67%. The ex-dividend date is Thursday, April 18th.

Gladstone Land has raised its dividend by an average of 58.7% per year over the last three years.

Gladstone Land Stock Performance

Shares of LANDO traded down $0.22 during midday trading on Wednesday, hitting $19.33. The stock had a trading volume of 18,432 shares, compared to its average volume of 11,592. Gladstone Land has a fifty-two week low of $16.85 and a fifty-two week high of $24.08. The business has a 50-day simple moving average of $20.32 and a two-hundred day simple moving average of $19.34.

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.