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

Gladstone Land Co. (NASDAQ:LANDO) declared a dividend on Friday, January 24th,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 7.39%. The ex-dividend date of this dividend is Friday, January 24th.

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

Gladstone Land Stock Down 0.4 %

LANDO stock traded down $0.09 on Friday, hitting $20.31. 6,385 shares of the company’s stock traded hands, compared to its average volume of 12,499. Gladstone Land has a 1-year low of $18.81 and a 1-year high of $22.90. The stock has a fifty day moving average of $21.25 and a 200-day moving average of $21.66.

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.