Gladstone Land Co. (LANDO) To Go Ex-Dividend on April 18th

Gladstone Land Co. (NASDAQ:LANDO) declared a monthly dividend on Tuesday, April 9th, NASDAQ reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Thursday, April 18th.

Gladstone Land has increased its dividend payment by an average of 58.7% per year over the last three years.

Gladstone Land Stock Performance

Shares of LANDO stock traded up $0.66 on Tuesday, reaching $20.04. 2,117 shares of the company’s stock traded hands, compared to its average volume of 11,358. Gladstone Land has a 12-month low of $16.85 and a 12-month high of $24.16. The business’s 50 day moving average price is $20.34 and its two-hundred day moving average price is $19.33.

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.