Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) declared a dividend on Friday, January 24th,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, January 24th.
Gladstone Land has raised its dividend payment by an average of 22.4% annually over the last three years.
Gladstone Land Trading Down 0.4 %
Shares of Gladstone Land stock opened at $20.31 on Friday. Gladstone Land has a 1 year low of $18.81 and a 1 year high of $22.90. The firm’s 50-day moving average is $21.22 and its 200 day moving average is $21.66.
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.
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