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

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, January 14th,investing.com reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.1042 per share on Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Wednesday, February 19th.

Gladstone Land Price Performance

Shares of NASDAQ LANDM opened at $24.77 on Monday. The business has a 50 day simple moving average of $24.71 and a 200 day simple moving average of $24.64. Gladstone Land has a 52 week low of $23.80 and a 52 week high of $25.06.

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.