Gladstone Land Co. (NASDAQ:LANDP) Plans Monthly Dividend of $0.13

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.125 per share on Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend is Wednesday, March 19th.

Gladstone Land has raised its dividend payment by an average of 174.6% annually over the last three years.

Gladstone Land Stock Performance

NASDAQ:LANDP opened at $20.44 on Friday. Gladstone Land has a 12 month low of $18.75 and a 12 month high of $22.63. The company’s 50-day moving average price is $21.24 and its two-hundred day moving average price is $21.31.

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.