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Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024
MCLEAN, VA / ACCESSWIRE / April 9, 2024 / 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 9, 2024 / 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 2024.Monthly Cash Distributions:Common Stock: $0.0466 per share of common stock for each of April, May and June 2024, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountApril 19April 30$ 0.0466May 17May 310.0466June 19June 280.0466Total for the Quarter:$ 0.1398The Company has paid 134 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 34 times over the prior 37 quarters. 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): $0.125 per share of Series B Preferred Stock for each of April, May and June 2024, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 19April 30$ 0.125May 17May 310.125June 19June 280.125Total 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 (Nasdaq: LANDP): $0.125 per share of Series C Preferred Stock for each of April, May and June 2024, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 19April 30$ 0.125May 17May 310.125June 19June 280.125Total 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): $0.104167 per share of Series D Preferred Stock for each of April, May and June 2024, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 19April 30$ 0.104167May 17May 310.104167June 19June 280.104167Total 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 2024, payab...