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

Gladstone Land Co. (NASDAQ:LANDP) declared a monthly dividend on Tuesday, October 8th, NASDAQ reports. Shareholders of record on Tuesday, October 22nd will be given a dividend of 0.125 per share on Thursday, October 31st. This represents a $1.50 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Tuesday, October 22nd.

Gladstone Land has decreased its dividend by an average of 8.1% annually over the last three years.

Gladstone Land Trading Down 0.2 %

NASDAQ LANDP opened at $21.56 on Friday. The firm’s 50 day moving average is $21.54 and its 200-day moving average is $20.72. Gladstone Land has a 12-month low of $16.56 and a 12-month high of $22.63.

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.