Gladstone Land Co. to Issue Monthly Dividend of $0.13 (NASDAQ:LANDP)

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Wednesday, February 19th.

Gladstone Land Stock Performance

Shares of NASDAQ LANDP opened at $20.25 on Monday. The business’s 50-day moving average price is $20.76 and its two-hundred day moving average price is $21.25. Gladstone Land has a one year low of $19.05 and a one year high of $22.63.

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.