Gladstone Land Co. Plans Dividend of $0.10 (NASDAQ:LANDM)

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Monday, January 20th,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.1042 per share on Friday, January 31st. This represents a dividend yield of 5.07%. The ex-dividend date is Friday, January 24th.

Gladstone Land Stock Down 0.4 %

NASDAQ:LANDM traded down $0.11 during trading hours on Monday, hitting $24.57. 1,950 shares of the company were exchanged, compared to its average volume of 4,405. Gladstone Land has a one year low of $23.64 and a one year high of $25.06. The company has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $24.58.

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.