Gladstone Land Co. (LANDM) To Go Ex-Dividend on March 25th

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.1042 per share on Friday, April 3rd. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, March 25th.

Gladstone Land Stock Performance

Shares of NASDAQ LANDM opened at $25.07 on Monday. Gladstone Land has a 12-month low of $24.35 and a 12-month high of $25.08. The firm’s 50-day simple moving average is $25.07 and its 200 day simple moving average is $24.96.

About Gladstone Land

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.