Gladstone Land Co. (NASDAQ:LANDM – Get Free Report)’s stock price dropped 0.2% during trading on Tuesday . The stock traded as low as $24.67 and last traded at $24.67. Approximately 1,795 shares traded hands during trading, a decline of 50% from the average daily volume of 3,569 shares. The stock had previously closed at $24.73.
Gladstone Land Trading Down 0.2%
The company has a fifty day moving average of $24.72 and a 200 day moving average of $24.76.
Gladstone Land Dividend Announcement
The company also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were issued a dividend of $0.1042 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 5.09%.
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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