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

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.1042 per share on Monday, June 30th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, June 20th.

Gladstone Land Trading Down 0.1 %

Shares of LANDM stock opened at $24.63 on Friday. Gladstone Land has a 1 year low of $23.95 and a 1 year high of $25.06. The stock has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $24.74.

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.