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

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Stockholders of record on Wednesday, June 19th will be paid a dividend of 0.125 per share on Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Tuesday, June 18th.

Gladstone Land has increased its dividend by an average of 58.7% annually over the last three years.

Gladstone Land Stock Down 3.1 %

Shares of NASDAQ LANDO opened at $19.38 on Tuesday. Gladstone Land has a twelve month low of $16.85 and a twelve month high of $24.16. The stock has a fifty day simple moving average of $20.34 and a 200-day simple moving average of $19.33.

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.