Gladstone Land Co. (NASDAQ:LANDM) Plans $0.10 Monthly Dividend

Gladstone Land Co. (NASDAQ:LANDM) announced a monthly dividend on Tuesday, October 8th, NASDAQ reports. Stockholders of record on Tuesday, October 22nd will be given a dividend of 0.1042 per share on Thursday, October 31st. This represents a $1.25 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Gladstone Land Price Performance

LANDM opened at $24.52 on Friday. Gladstone Land has a fifty-two week low of $23.32 and a fifty-two week high of $24.80. The company’s 50-day moving average is $24.48 and its 200 day moving average is $24.29.

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.