Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) announced a dividend on Wednesday, April 17th, investing.com reports. Investors of record on Friday, April 19th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a yield of 7.67%. The ex-dividend date is Thursday, April 18th.
Gladstone Land has increased its dividend by an average of 58.7% per year over the last three years.
Gladstone Land Stock Down 1.1 %
Gladstone Land stock traded down $0.22 during trading on Wednesday, reaching $19.33. 18,432 shares of the company’s stock were exchanged, compared to its average volume of 11,592. The company’s 50-day moving average is $20.32 and its two-hundred day moving average is $19.34. Gladstone Land has a 52-week low of $16.85 and a 52-week high of $24.08.
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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