Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a yield of 7.35%. The ex-dividend date is Friday, January 24th.
Gladstone Land has increased its dividend payment by an average of 22.4% per year over the last three years.
Gladstone Land Stock Performance
Shares of LANDO opened at $20.40 on Friday. The firm’s fifty day simple moving average is $21.25 and its 200-day simple moving average is $21.66. Gladstone Land has a twelve month low of $18.81 and a twelve month 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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