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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Wednesday, March 19th.

Gladstone Land has increased its dividend payment by an average of 174.6% per year over the last three years.

Gladstone Land Stock Up 2.1 %

NASDAQ:LANDP traded up $0.43 during trading on Wednesday, reaching $20.45. The company’s stock had a trading volume of 11,977 shares, compared to its average volume of 15,479. Gladstone Land has a 12 month low of $18.75 and a 12 month high of $22.63. The firm has a 50 day moving average of $21.31 and a 200-day moving average of $21.33.

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.