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Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2022 and Fourth Quarter Ended December 31, 2021, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / January 11, 2022 / 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 / January 11, 2022 / 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 January, February and March 2022.Monthly Cash Distributions:Common Stock: $0.0453 per share of common stock for each of January, February and March 2022, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJanuary 21January 31$ 0.0453February 18February 280.0453March 23March 310.0453Total for the Quarter:$ 0.1359The Company has paid 107 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 25 times over the prior 28 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): $0.125 per share of Series B Preferred Stock for each of January, February and March 2022, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 21January 31$ 0.125February 18February 280.125March 23March 310.125Total 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): $0.125 per share of Series C Preferred Stock for each of January, February and March 2022, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 26February 4$ 0.125February 24March 40.125March 25April 40.125Total 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): $0.104167 per share of Series D Preferred Stock for each of January, February and March 2022, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 21January 31$ 0.104167February 18February 280.104167March 23March 310.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.Earnings Announcement:The Company...