Gladstone Land Co. (NASDAQ:LANDM) to Issue Monthly Dividend of $0.10

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Monday, July 22nd will be given a dividend of 0.1042 per share on Wednesday, July 31st. This represents a $1.25 annualized dividend and a yield of 5.15%. The ex-dividend date is Monday, July 22nd.

Gladstone Land Stock Up 0.0 %

LANDM stock traded up $0.01 during trading hours on Thursday, hitting $24.25. 1,041 shares of the stock were exchanged, compared to its average volume of 3,081. The company has a 50-day simple moving average of $24.19 and a two-hundred day simple moving average of $24.05. Gladstone Land has a 12 month low of $23.32 and a 12 month high of $24.57.

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.