Gladstone Land (NASDAQ:LANDO) Stock Price Up 0.1% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDO) traded up 0.1% during mid-day trading on Friday . The company traded as high as $19.32 and last traded at $19.19. 5,232 shares changed hands during trading, a decline of 59% from the average session volume of 12,883 shares. The stock had previously closed at $19.17.

Gladstone Land Stock Performance

The business has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $19.67.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.