Gladstone Land Co. (NASDAQ:LANDM) to Issue Dividend of $0.10

Gladstone Land Co. (NASDAQ:LANDM) declared a dividend on Monday, October 21st, investing.com reports. Shareholders of record on Wednesday, October 23rd will be given a dividend of 0.1042 per share on Thursday, October 31st. This represents a dividend yield of 5.08%. The ex-dividend date is Tuesday, October 22nd.

Gladstone Land Trading Up 0.4 %

Shares of NASDAQ LANDM traded up $0.10 during trading hours on Monday, hitting $24.62. The company had a trading volume of 4,183 shares, compared to its average volume of 3,145. Gladstone Land has a 1-year low of $23.32 and a 1-year high of $24.80. The firm’s 50 day moving average is $24.48 and its 200-day moving average is $24.30.

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.