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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.1042 per share on Monday, March 31st. This represents a $1.25 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Wednesday, March 19th.

Gladstone Land Stock Down 0.4 %

LANDM stock opened at $24.57 on Friday. Gladstone Land has a fifty-two week low of $23.64 and a fifty-two week high of $25.06. The stock’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $24.57.

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.