Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Tuesday, June 18th.
Gladstone Land has decreased its dividend by an average of 18.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.
Gladstone Land Price Performance
Gladstone Land stock opened at $19.11 on Wednesday. Gladstone Land has a one year low of $15.90 and a one year high of $21.50. The business has a fifty day moving average of $19.94 and a two-hundred 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.
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