Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Wednesday, November 20th.
Gladstone Land has increased its dividend payment by an average of 82.9% annually over the last three years.
Gladstone Land Price Performance
Shares of Gladstone Land stock opened at $22.45 on Friday. Gladstone Land has a 52 week low of $16.90 and a 52 week high of $22.90. The stock has a 50 day moving average price of $22.11 and a two-hundred day moving average price of $21.01.
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.
Featured Articles
- Five stocks we like better than Gladstone Land
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Are Penny Stocks a Good Fit for Your Portfolio?
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.
