Gladstone Land Co. (NASDAQ:LANDM) Announces Dividend Increase – $0.10 Per Share

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Wednesday, June 19th will be given a dividend of 0.1042 per share on Friday, June 28th. This represents a $1.25 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Tuesday, June 18th. This is an increase from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Trading Down 0.4 %

Shares of LANDM stock opened at $24.07 on Wednesday. The company’s fifty day moving average price is $24.07 and its two-hundred day moving average price is $23.85. Gladstone Land has a 12 month low of $23.22 and a 12 month high of $24.50.

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.