Business
Gladstone Land Announces Increase in Monthly Cash Distributions for July, August, and September 2020 and Second Quarter Ended June 30, 2020, Earnings Release and Conference Call Dates
MCLEAN, Va., July 14, 2020 (GLOBE NEWSWIRE) -- 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., July 14, 2020 (GLOBE NEWSWIRE) -- 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 July, August, and September 2020 and also announced its plan to report earnings for its second quarter ended June 30, 2020.\n Monthly Cash Distributions: Common Stock: $0.0448 per share of common stock for each of July, August, and September 2020, payable per the table below: Summary of Common Stock Cash Distributions Record DatePayment DateAmount July 24July 31$ 0.0448 August 24August 310.0448 September 23September 300.0448 Total for the Quarter:$ 0.1344 The Company has paid 89 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 19 times over the prior 22 quarters. The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneFarms.com. Series A Preferred Stock (Nasdaq: LANDP): $0.1328125 per share of Series A Preferred Stock for each of July, August, and September 2020, payable per the table below: Summary of Series A Preferred Stock Cash Distributions Record DatePayment DateAmount July 24July 31$ 0.1328125 August 24August 310.1328125 September 23September 300.1328125 Total for the Quarter:$ 0.3984375 The Company has not skipped, reduced, or deferred a monthly Series A Preferred Stock distribution to date. Series B Preferred Stock (Unlisted): $0.125 per share of Series B Preferred Stock for each of July, August, and September 2020, payable per the table below: Summary of Series B Preferred Stock Cash Distributions Record DatePayment DateAmount July 29August 5$ 0.125 August 26September 40.125 September 30October 70.125 Total for the Quarter:$ 0.375 The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date. Series C Preferred Stock (Unlisted): $0.125 per share of Series C Preferred Stock for each of July, August, and September 2020, payable per the table below: Summary of Series C Preferred Stock Cash Distributions Record DatePayment DateAmount July 29August 5$ 0.125 August 26September 40.125 September 30October 70.125 Total for the Quarter:$ 0.375 The Company has no...