Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Friday, September 20th.
Gladstone Land has raised its dividend payment by an average of 82.9% per year over the last three years.
Gladstone Land Trading Down 0.2 %
LANDO stock opened at $22.22 on Thursday. Gladstone Land has a fifty-two week low of $16.85 and a fifty-two week high of $22.54. The business’s 50 day moving average price is $21.71 and its two-hundred day moving average price is $20.73.
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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