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

Gladstone Land Co. (NASDAQ:LANDM) announced a dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.1042 per share on Friday, January 31st. This represents a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Land Stock Performance

Shares of NASDAQ:LANDM traded down $0.03 during trading on Thursday, reaching $24.66. 5,295 shares of the company traded hands, compared to its average volume of 4,235. Gladstone Land has a 52-week low of $23.69 and a 52-week high of $25.06. The business’s fifty day moving average is $24.78 and its 200-day moving average is $24.59.

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.