Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Tuesday, October 22nd, investing.com reports. Stockholders of record on Wednesday, October 23rd will be given a dividend of 0.125 per share on Thursday, October 31st. This represents a dividend yield of 6.9%. The ex-dividend date is Tuesday, October 22nd.
Gladstone Land has increased its dividend payment by an average of 82.9% annually over the last three years.
Gladstone Land Trading Down 1.5 %
Shares of LANDO stock traded down $0.32 on Tuesday, reaching $21.67. 14,893 shares of the stock were exchanged, compared to its average volume of 11,145. The firm has a 50 day moving average of $22.17 and a two-hundred day moving average of $21.10. Gladstone Land has a 1-year low of $16.90 and a 1-year high of $22.90.
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.
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