Gladstone Land Co. (NASDAQ:LANDM) Announces Monthly Dividend of $0.10

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Monday, October 14th, Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.1042 per share on Tuesday, December 31st. This represents a $1.25 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Price Performance

Shares of LANDM traded up $0.10 on Monday, hitting $24.53. 1,619 shares of the stock traded hands, compared to its average volume of 3,066. Gladstone Land has a one year low of $23.32 and a one year high of $24.80. The business has a 50 day simple moving average of $24.45 and a 200 day simple moving average of $24.28.

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.