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

Gladstone Land Co. (NASDAQ:LANDO) announced a dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, January 24th.

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

Gladstone Land Stock Down 0.9 %

Shares of LANDO stock traded down $0.19 during trading hours on Thursday, hitting $20.40. 10,862 shares of the company were exchanged, compared to its average volume of 12,940. The business has a 50 day moving average of $21.25 and a two-hundred day moving average of $21.66. Gladstone Land has a 52 week low of $18.81 and a 52 week high of $22.90.

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.