Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) was down 0.6% during trading on Monday . The company traded as low as $20.21 and last traded at $20.33. Approximately 32,391 shares were traded during trading, an increase of 15% from the average daily volume of 28,253 shares. The stock had previously closed at $20.46.
Gladstone Land Stock Down 0.6 %
The stock has a 50 day moving average of $20.44 and a 200-day moving average of $21.17.
Gladstone Land Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, March 19th.
About Gladstone Land
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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