Gladstone Land Co. (NASDAQ:LANDP – Get Free Report)’s share price traded down 0% on Thursday . The stock traded as low as $20.17 and last traded at $20.19. 24,748 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 26,760 shares. The stock had previously closed at $20.20.
Gladstone Land Trading Down 0.0 %
The company has a 50 day moving average of $20.97 and a two-hundred day moving average of $21.28.
Gladstone Land Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.50 annualized dividend and a dividend yield of 7.43%.
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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