Gladstone Land Co. (LANDM) to Issue Monthly Dividend of $0.10 on September 30th

Gladstone Land Co. (NASDAQ:LANDM) declared a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Investors of record on Friday, September 20th will be paid a dividend of 0.1042 per share on Monday, September 30th. This represents a $1.25 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Friday, September 20th.

Gladstone Land Price Performance

Shares of LANDM opened at $24.50 on Wednesday. The firm has a 50-day moving average of $24.38 and a 200-day moving average of $24.23. Gladstone Land has a one year low of $23.32 and a one year high of $24.80.

Gladstone Land Company Profile

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.