Gladstone Land (NASDAQ:LANDM) Shares Down 0% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDM)’s share price traded down 0% during mid-day trading on Monday . The company traded as low as $24.85 and last traded at $24.8650. 3,963 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 4,671 shares. The stock had previously closed at $24.87.

Gladstone Land Price Performance

The business’s 50-day moving average price is $24.88 and its 200-day moving average price is $24.81.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.1042 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.