Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Tuesday, October 22nd, investing.com reports. Stockholders of record on Wednesday, October 23rd will be given a dividend of 0.125 per share on Thursday, October 31st. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, October 22nd.
Gladstone Land has increased its dividend by an average of 82.9% annually over the last three years.
Gladstone Land Stock Performance
LANDO stock opened at $21.65 on Thursday. Gladstone Land has a twelve month low of $16.90 and a twelve month high of $22.90. The stock’s 50 day moving average is $22.16 and its 200-day moving average is $21.11.
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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