Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Stockholders 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 7.10%. The ex-dividend date of this dividend is Wednesday, August 21st.
Gladstone Land has decreased its dividend payment by an average of 8.1% per year over the last three years.
Gladstone Land Stock Up 0.1 %
Shares of NASDAQ:LANDP opened at $21.13 on Monday. The company has a 50 day moving average of $20.93 and a 200 day moving average of $20.19. Gladstone Land has a 12 month low of $15.90 and a 12 month high of $21.50.
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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