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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.1042 per share on Monday, March 31st. This represents a $1.25 annualized dividend and a yield of 5.06%. The ex-dividend date is Wednesday, March 19th.

Gladstone Land Trading Up 0.2 %

Shares of LANDM opened at $24.72 on Thursday. The firm has a 50-day simple moving average of $24.82 and a two-hundred day simple moving average of $24.57. Gladstone Land has a 1-year low of $23.64 and a 1-year high of $25.06.

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.