Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Friday, July 12th, Wall Street Journal reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.125 per share on Friday, August 30th. This represents a $1.50 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend is Wednesday, August 21st.
Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.
Gladstone Land Stock Down 0.1 %
NASDAQ:LANDP opened at $20.98 on Friday. The stock has a 50 day moving average of $20.30 and a 200-day moving average of $19.81. Gladstone Land has a 52 week low of $15.90 and a 52 week high of $21.24.
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.
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