Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) announced a monthly dividend on Tuesday, October 8th,Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 7.04%. The ex-dividend date is Friday, December 20th.
Gladstone Land has decreased its dividend by an average of 8.1% per year over the last three years.
Gladstone Land Price Performance
NASDAQ:LANDP opened at $21.32 on Wednesday. Gladstone Land has a 1-year low of $18.25 and a 1-year high of $22.63. The firm has a 50-day moving average of $21.58 and a two-hundred day moving average of $21.30.
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.
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