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

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Wednesday, February 19th.

Gladstone Land Trading Down 0.3 %

Shares of Gladstone Land stock opened at $20.25 on Monday. The company has a 50-day simple moving average of $20.76 and a two-hundred day simple moving average of $21.25. Gladstone Land has a one year low of $19.05 and a one year high of $22.63.

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.