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

Gladstone Land Co. (NASDAQ:LANDP) announced a monthly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, April 24th.

Gladstone Land Stock Up 0.3%

Shares of LANDP opened at $20.13 on Wednesday. The stock has a 50 day simple moving average of $19.83 and a two-hundred day simple moving average of $19.46. Gladstone Land has a 1 year low of $18.42 and a 1 year high of $20.79.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.