Gladstone Land Corporation (LAND) will raise its monthly dividend to $0.04435 per share in the third quarter of 2018.  The board of directors declared cash distributions for each of July, August, and September 2018.

The first payment will be made on July 31, 2018 to shareholders of record on July 20, 2018. The new dividend yield for LAND is 2.2%.

Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. Gladstone Land owns farmland in Arizona,  California, Colorado, Florida, Michigan, Nebraska, North Carolina, Oregon and Washington. The company acquires farmland that it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent to Gladstone Land.