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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.125 per share on Monday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Wednesday, March 19th.

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

Gladstone Land Stock Up 2.1 %

Gladstone Land stock opened at $20.45 on Thursday. Gladstone Land has a 52 week low of $18.75 and a 52 week high of $22.63. The stock has a 50-day moving average price of $21.29 and a 200 day moving average price of $21.32.

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.