Gladstone Land Co. Plans Monthly Dividend of $0.13 (NASDAQ:LANDO)

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Friday, October 11th,Wall Street Journal reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Wednesday, November 20th.

Gladstone Land has raised its dividend by an average of 82.9% per year over the last three years.

Gladstone Land Trading Up 1.2 %

Shares of LANDO opened at $21.50 on Monday. Gladstone Land has a 1-year low of $18.01 and a 1-year high of $22.90. The company has a 50-day moving average of $22.11 and a 200 day moving average of $21.38.

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.