Business
Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2023 and Fourth Quarter Ended December 31, 2022, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / January 10, 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 / January 10, 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 January, February and March 2023.Monthly Cash Distributions:Common Stock: $0.0459 per share of common stock (an increase from the monthly dividend declared and paid the prior quarter) for each of January, February and March 2023, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJanuary 20January 31$ 0.0459February 17February 280.0459March 17March 310.0459Total for the Quarter:$ 0.1377The Company has paid 119 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 29 times over the prior 32 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): $0.125 per share of Series B Preferred Stock for each of January, February and March 2023, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 20January 31$ 0.125February 17February 280.125March 17March 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): $0.125 per share of Series C Preferred Stock for each of January, February and March 2023, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 26February 6$ 0.125February 23March 60.125March 29April 60.125Total 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): $0.104167 per share of Series D Preferred Stock for each of January, February and March 2023, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 20January 31$ 0.104167February 17February 280.104167March 17March 310.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Se...