Gladstone Land Co. (LANDM) To Go Ex-Dividend on May 16th

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Friday, April 12th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.1042 per share on Friday, May 31st. This represents a $1.25 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, May 16th. This is a positive change from Gladstone Land’s previous monthly dividend of $0.10.

Gladstone Land Stock Performance

Gladstone Land stock opened at $24.08 on Friday. Gladstone Land has a 1 year low of $23.22 and a 1 year high of $24.50. The firm has a 50 day moving average price of $24.06 and a 200 day moving average price of $23.84.

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.