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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Investors of record on Monday, July 22nd will be paid a dividend of 0.125 per share on Wednesday, July 31st. This represents a $1.50 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend is Monday, July 22nd.

Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.

Gladstone Land Stock Performance

NASDAQ LANDP traded up $0.22 during trading hours on Thursday, hitting $21.00. 24,248 shares of the company traded hands, compared to its average volume of 18,285. The business’s 50-day moving average is $20.23 and its 200-day moving average is $19.79. Gladstone Land has a twelve month low of $15.90 and a twelve month high of $21.24.

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.