Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Investors of record on Wednesday, August 21st will be paid a dividend of 0.125 per share on Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Wednesday, August 21st.
Gladstone Land has raised its dividend by an average of 82.9% per year over the last three years.
Gladstone Land Stock Up 0.9 %
Shares of Gladstone Land stock opened at $22.38 on Monday. The firm’s 50-day moving average price is $21.34 and its two-hundred day moving average price is $20.53. Gladstone Land has a 1-year low of $16.85 and a 1-year high of $22.43.
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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