Business
Gladstone Land Announces Increase in Monthly Cash Distributions for July, August and September 2022 and Second Quarter Ended June 30, 2022, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / July 12, 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 / July 12, 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 July, August and September 2022.Monthly Cash Distributions:Common Stock: $0.0456 per share of common stock for each of July, August and September 2022, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJuly 22July 29$ 0.0456August 23August 310.0456September 22September 300.0456Total for the Quarter:$ 0.1368The Company has paid 113 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 27 times over the prior 30 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): $0.125 per share of Series B Preferred Stock for each of July, August and September 2022, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 22July 29$ 0.125August 23August 310.125September 22September 300.125Total 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): $0.125 per share of Series C Preferred Stock for each of July, August and September 2022, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 27August 5$ 0.125August 25September 60.125September 27October 50.125Total 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): $0.104167 per share of Series D Preferred Stock for each of July, August and September 2022, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 22July 29$ 0.104167August 23August 310.104167September 22September 300.104167Total for the Quarter:$ 0.3125The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.Earnings Announcement:The Company also announ...