Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Monday, July 22nd will be paid a dividend of 0.125 per share on Wednesday, July 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend is Monday, July 22nd.
Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.
Gladstone Land Price Performance
Shares of LANDP traded up $0.22 during trading hours on Thursday, reaching $21.00. 24,248 shares of the company’s stock traded hands, compared to its average volume of 18,285. Gladstone Land has a twelve month low of $15.90 and a twelve month high of $21.24. The business’s fifty day simple moving average is $20.23 and its two-hundred day simple moving average is $19.79.
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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