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

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Tuesday, July 11th, Wall Street Journal reports. Shareholders of record on Thursday, September 21st will be paid a dividend of 0.125 per share on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Wednesday, September 20th.

Gladstone Land Stock Down 0.6 %

NASDAQ LANDO opened at $18.86 on Tuesday. Gladstone Land has a fifty-two week low of $18.63 and a fifty-two week high of $26.92. The firm’s fifty day moving average price is $19.88 and its two-hundred day moving average price is $21.48.

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.