Gladstone Land Co. (NASDAQ:LANDO) Plans $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDO) 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 0.125 per share on Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend is Friday, December 20th.

Gladstone Land has raised its dividend by an average of 82.9% per year over the last three years.

Gladstone Land Price Performance

Shares of LANDO stock opened at $21.34 on Wednesday. Gladstone Land has a twelve month low of $18.66 and a twelve month high of $22.90. The firm has a 50-day moving average price of $21.90 and a 200 day moving average price of $21.73.

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.