Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Friday, October 11th,Wall Street Journal reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Wednesday, November 20th.
Gladstone Land has increased its dividend by an average of 82.9% per year over the last three years.
Gladstone Land Price Performance
Shares of LANDO opened at $21.69 on Tuesday. The firm has a fifty day moving average of $22.11 and a 200-day moving average of $21.40. Gladstone Land has a 1 year low of $18.02 and a 1 year 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.
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