Gladstone Land Co. (NASDAQ:LANDP) Plans $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.125 per share on Monday, June 30th. This represents a $1.50 annualized dividend and a yield of 7.90%. The ex-dividend date is Friday, June 20th.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDP traded up $0.46 during trading on Wednesday, reaching $18.98. The stock had a trading volume of 62,297 shares, compared to its average volume of 24,537. Gladstone Land has a 52 week low of $18.26 and a 52 week high of $22.63. The business’s 50-day moving average price is $20.12 and its 200 day moving average price is $20.93.

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.