Gladstone Land Co. (LANDO) to Issue Monthly Dividend of $0.13 on June 30th

Gladstone Land Co. (NASDAQ:LANDO) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.125 per share on Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Friday, June 20th.

Gladstone Land Price Performance

Shares of LANDO opened at $19.50 on Wednesday. The stock has a 50-day moving average price of $20.01 and a 200 day moving average price of $20.38. Gladstone Land has a one year low of $18.50 and a one year high of $22.90.

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.