Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) traded down 0.6% on Monday . The company traded as low as $20.21 and last traded at $20.33. 32,391 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 28,253 shares. The stock had previously closed at $20.46.
Gladstone Land Stock Performance
The firm has a 50-day moving average of $20.42 and a 200-day moving average of $21.16.
Gladstone Land Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.46%.
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.
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