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

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Monday, October 21st, investing.com reports. Shareholders of record on Wednesday, October 23rd will be paid a dividend of 0.1042 per share on Thursday, October 31st. This represents a yield of 5.08%. The ex-dividend date is Tuesday, October 22nd.

Gladstone Land Stock Up 0.4 %

NASDAQ LANDM traded up $0.10 on Monday, hitting $24.62. 4,183 shares of the company were exchanged, compared to its average volume of 3,145. Gladstone Land has a 1-year low of $23.32 and a 1-year high of $24.80. The firm has a 50 day moving average of $24.48 and a two-hundred day moving average of $24.30.

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.