Gladstone Land Co. (NASDAQ:LAND) announced a monthly dividend on Tuesday, January 12th, Zacks reports. Shareholders of record on Friday, January 22nd will be given a dividend of 0.045 per share by the real estate investment trust on Friday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, January 21st. This is an increase from Gladstone Land’s previous monthly dividend of $0.04.
Gladstone Land has raised its dividend payment by 2.6% over the last three years and has increased its dividend annually for the last 5 consecutive years.
Shares of NASDAQ LAND opened at $14.62 on Thursday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.54 and a current ratio of 0.54. Gladstone Land has a fifty-two week low of $9.61 and a fifty-two week high of $16.76. The stock has a market cap of $352.25 million, a PE ratio of -121.78 and a beta of 0.74. The stock has a fifty day moving average of $14.66 and a 200-day moving average of $15.07.
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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.
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