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

Gladstone Land Co. (NASDAQ:LANDM) declared a dividend on Monday, January 20th,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.1042 per share on Friday, January 31st. This represents a yield of 5.07%. The ex-dividend date is Friday, January 24th.

Gladstone Land Stock Performance

Gladstone Land stock traded down $0.11 during trading hours on Monday, reaching $24.57. 1,950 shares of the company’s stock were exchanged, compared to its average volume of 4,405. The firm’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $24.58. Gladstone Land has a twelve month low of $23.64 and a twelve month high of $25.06.

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.