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Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2024 and Earnings Release and Conference Call Dates for the Fourth Quarter Ended December 31, 2023
MCLEAN, VA / ACCESSWIRE / January 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 / January 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 January, February and March 2024.Monthly Cash Distributions:Common Stock: $0.0465 per share of common stock for each of January, February and March 2024, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJanuary 23January 31$ 0.0465February 21February 290.0465March 21March 290.0465Total for the Quarter:$ 0.1395The Company has paid 131 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 33 times over the prior 36 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): $0.125 per share of Series B Preferred Stock for each of January, February and March 2024, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 23January 31$ 0.125February 21February 290.125March 21March 290.125Total 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): $0.125 per share of Series C Preferred Stock for each of January, February and March 2024, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 23January 31$ 0.125February 21February 290.125March 21March 290.125Total 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): $0.104167 per share of Series D Preferred Stock for each of January, February and March 2024, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountJanuary 23January 31$ 0.104167February 21February 290.104167March 21March 290.104167Total 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...