Gladstone Land Co. (NASDAQ:LANDP) Announces $0.13 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 annualized dividend and a dividend yield of 7.41%. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Land Price Performance

Gladstone Land stock opened at $20.25 on Monday. Gladstone Land has a fifty-two week low of $19.05 and a fifty-two week high of $22.63. The stock has a 50-day simple moving average of $20.76 and a 200-day simple moving average of $21.25.

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.