Gladstone Land Co. (NASDAQ:LANDM) Declares Dividend Increase – $0.10 Per Share

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.1042 per share on Monday, June 30th. This represents a $1.25 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, June 20th. This is a 0.0% increase from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Trading Up 0.1 %

Shares of LANDM stock traded up $0.02 during trading hours on Wednesday, reaching $24.62. The company’s stock had a trading volume of 6,458 shares, compared to its average volume of 3,234. Gladstone Land has a fifty-two week low of $23.95 and a fifty-two week high of $25.06. The firm’s 50 day simple moving average is $24.79 and its 200-day simple moving average is $24.74.

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.