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

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Tuesday, April 9th, NASDAQ reports. Shareholders 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 yield of 7.79%. The ex-dividend date is Thursday, April 18th.

Gladstone Land has decreased its dividend payment by an average of 18.1% per year over the last three years and has raised its dividend every year for the last 1 years.

Gladstone Land Stock Down 1.6 %

Shares of LANDP opened at $19.24 on Tuesday. The firm’s fifty day simple moving average is $19.95 and its two-hundred day simple moving average is $18.93. Gladstone Land has a 12 month low of $15.90 and a 12 month high of $21.50.

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.