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

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Monday, July 22nd will be given a dividend of 0.125 per share on Wednesday, July 31st. This represents a $1.50 annualized dividend and a yield of 6.99%. The ex-dividend date is Monday, July 22nd.

Gladstone Land has increased its dividend payment by an average of 82.9% annually over the last three years.

Gladstone Land Stock Up 1.8 %

LANDO stock traded up $0.38 during midday trading on Thursday, hitting $21.47. The stock had a trading volume of 10,284 shares, compared to its average volume of 11,785. Gladstone Land has a 12-month low of $16.85 and a 12-month high of $21.75. The company’s 50-day moving average price is $20.41 and its 200 day moving average price is $20.12.

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.