Gladstone Land Co. (NASDAQ:LANDM) Announces $0.10 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Tuesday, January 27th will be paid a dividend of 0.1042 per share on Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, January 27th.

Gladstone Land Price Performance

Shares of LANDM stock traded up $0.02 during midday trading on Wednesday, reaching $25.04. 24,204 shares of the company traded hands, compared to its average volume of 12,411. The firm’s 50 day simple moving average is $24.91 and its two-hundred day simple moving average is $24.88. Gladstone Land has a 1-year low of $24.35 and a 1-year high of $25.05.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.