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

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Friday, July 12th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 0.1042 per share on Friday, August 30th. This represents a $1.25 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, August 21st. This is a positive change from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Price Performance

Shares of LANDM stock traded up $0.16 during mid-day trading on Friday, hitting $24.36. The company had a trading volume of 1,131 shares, compared to its average volume of 3,065. Gladstone Land has a 52-week low of $23.32 and a 52-week high of $24.57. The stock’s 50 day moving average price is $24.20 and its 200-day moving average price is $24.05.

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.