Gladstone Land (NASDAQ:LANDM) Trading Down 0% – What’s Next?

Shares of Gladstone Land Co. (NASDAQ:LANDM) dropped 0% during trading on Wednesday . The company traded as low as $24.83 and last traded at $24.8750. Approximately 6,708 shares changed hands during trading, a decline of 3% from the average daily volume of 6,923 shares. The stock had previously closed at $24.88.

Gladstone Land Stock Down 0.0%

The firm has a fifty day moving average of $24.89 and a 200 day moving average of $24.82.

Gladstone Land Dividend Announcement

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

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.