Gladstone Land Co. (NASDAQ:LANDM) to Issue Dividend of $0.10

Gladstone Land Co. (NASDAQ:LANDM) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.1042 per share on Tuesday, April 30th. This represents a yield of 5.18%. The ex-dividend date is Thursday, April 18th.

Gladstone Land Trading Down 0.2 %

Gladstone Land stock traded down $0.04 during midday trading on Wednesday, hitting $24.07. 1,831 shares of the company’s stock were exchanged, compared to its average volume of 3,463. Gladstone Land has a 12-month low of $23.22 and a 12-month high of $24.50. The firm’s 50 day simple moving average is $24.06 and its 200 day simple moving average is $23.85.

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.