Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Tuesday, January 21st,investing.com reports. Investors 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 7.29%. The ex-dividend date of this dividend is Friday, January 24th.
Gladstone Land has raised its dividend by an average of 22.4% annually over the last three years.
Gladstone Land Price Performance
Shares of NASDAQ LANDO traded up $0.30 during mid-day trading on Tuesday, hitting $20.57. The company had a trading volume of 13,193 shares, compared to its average volume of 13,091. The stock’s 50-day moving average price is $21.30 and its 200-day moving average price is $21.68. Gladstone Land has a 1 year low of $18.81 and a 1 year high of $22.90.
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.
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