Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Friday, September 20th.
Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.
Gladstone Land Stock Performance
NASDAQ:LANDP opened at $22.20 on Wednesday. The company’s 50-day moving average price is $21.15 and its two-hundred day moving average price is $20.41. Gladstone Land has a 12 month low of $15.90 and a 12 month high of $22.63.
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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