Gladstone Land Co. (NASDAQ:LANDO) to Issue Dividend of $0.13

Gladstone Land Co. (NASDAQ:LANDO) declared a dividend on Monday, January 20th,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, January 24th.

Gladstone Land has increased its dividend payment by an average of 22.4% annually over the last three years.

Gladstone Land Stock Performance

NASDAQ LANDO opened at $20.27 on Tuesday. Gladstone Land has a one year low of $18.81 and a one year high of $22.90. The company’s 50 day moving average price is $21.30 and its 200 day moving average price is $21.68.

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.