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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Friday, April 19th will be given a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Thursday, April 18th.

Gladstone Land has decreased its dividend by an average of 18.1% annually over the last three years and has raised its dividend every year for the last 1 years.

Gladstone Land Price Performance

LANDP stock traded up $0.04 during trading on Tuesday, reaching $19.28. The company had a trading volume of 615 shares, compared to its average volume of 19,547. Gladstone Land has a 52 week low of $15.90 and a 52 week high of $21.50. The business has a 50 day moving average of $19.95 and a 200 day moving average of $18.93.

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.