Business
Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2023 and First Quarter Ended March 31, 2023, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / April 11, 2023 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of
About this update from Gladstone Land Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / April 11, 2023 / Gladstone Land Corporation (NASDAQ:LAND) (\"Gladstone Land\" or the \"Company\") announced today that its board of directors declared the following cash distributions for each of April, May and June 2023.Monthly Cash Distributions:Common Stock: $0.046 per share of common stock for each of April, May and June 2023, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountApril 21April 28$ 0.046May 23May 310.046June 21June 300.046Total for the Quarter:$ 0.138The Company has paid 122 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 30 times over the prior 33 quarters (including this quarter). The Company offers a dividend reinvestment plan (the \"DRIP\") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneLand.com.Series B Preferred Stock (Nasdaq: LANDO): $0.125 per share of Series B Preferred Stock for each of April, May and June 2023, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 21April 28$ 0.125May 23May 310.125June 21June 300.125Total for the Quarter:$ 0.375The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date.Series C Preferred Stock (Unlisted): $0.125 per share of Series C Preferred Stock for each of April, May and June 2023, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 26May 5$ 0.125May 26June 50.125June 27July 50.125Total for the Quarter:$ 0.375The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.Series D Preferred Stock (Nasdaq: LANDM): $0.104167 per share of Series D Preferred Stock for each of April, May and June 2023, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 21April 28$ 0.104167May 23May 310.104167June 21June 300.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.Series E Preferred Stock (Unlisted): $0.104167 per share of Series E Preferred Stock for each of April, May and June...