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

Gladstone Land Co. (NASDAQ:LANDO) announced a dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Land has raised its dividend payment by an average of 22.4% per year over the last three years.

Gladstone Land Stock Performance

Shares of NASDAQ LANDO traded down $0.19 during mid-day trading on Thursday, reaching $20.40. 10,862 shares of the company were exchanged, compared to its average volume of 12,940. The company’s 50-day simple moving average is $21.25 and its 200-day simple moving average is $21.66. Gladstone Land has a twelve month low of $18.81 and a twelve month high of $22.90.

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.