Gladstone Land Co. (NASDAQ:LANDO) Plans Dividend of $0.13

Gladstone Land Co. (NASDAQ:LANDO) announced a dividend on Monday, January 20th,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a dividend yield of 7.4%. 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 Stock Performance

LANDO traded down $0.04 during trading hours on Monday, hitting $20.27. 9,914 shares of the company’s stock were exchanged, compared to its average volume of 13,083. Gladstone Land has a 1-year low of $18.81 and a 1-year high of $22.90. The stock’s 50-day moving average is $21.32 and its two-hundred day moving average is $21.68.

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.