Gladstone Land Co. (NASDAQ:LANDM) Announces $0.10 Dividend

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.1042 per share on Tuesday, April 30th. This represents a yield of 5.18%. The ex-dividend date of this dividend is Thursday, April 18th.

Gladstone Land Stock Down 0.2 %

LANDM stock traded down $0.04 during midday trading on Wednesday, reaching $24.07. 1,831 shares of the company’s stock traded hands, compared to its average volume of 3,463. Gladstone Land has a 52-week low of $23.22 and a 52-week high of $24.50. The stock’s 50-day moving average is $24.07 and its 200 day moving average is $23.85.

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.