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

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, October 8th, NASDAQ reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.1042 per share on Thursday, October 31st. This represents a $1.25 annualized dividend and a yield of 5.10%. The ex-dividend date is Tuesday, October 22nd.

Gladstone Land Price Performance

LANDM stock opened at $24.52 on Monday. The stock has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $24.29. Gladstone Land has a 12-month low of $23.32 and a 12-month high of $24.80.

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.