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

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Friday, January 24th,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 yield of 5.05%. The ex-dividend date is Friday, January 24th.

Gladstone Land Stock Performance

Shares of LANDM opened at $24.66 on Friday. Gladstone Land has a 12 month low of $23.69 and a 12 month high of $25.06. The stock’s 50-day moving average is $24.77 and its two-hundred day moving average is $24.59.

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.