Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) declared a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 0.125 per share on Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Wednesday, August 21st.
Gladstone Land has decreased its dividend payment by an average of 8.1% per year over the last three years.
Gladstone Land Price Performance
Shares of LANDP stock opened at $21.10 on Tuesday. Gladstone Land has a 12-month low of $15.90 and a 12-month high of $21.50. The firm has a fifty day moving average of $20.93 and a 200-day moving average of $20.20.
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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