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Gladstone Land Announces Increase in Monthly Cash Distributions for July, August and September 2023 and Earnings Release and Conference Call Dates for the Second Quarter Ended June 30, 2023
MCLEAN, VA / ACCESSWIRE / July 11, 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 / July 11, 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 July, August and September 2023.Monthly Cash Distributions:Common Stock: $0.0462 per share of common stock for each of July, August and September 2023, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountJuly 21July 31$ 0.0462August 23August 310.0462September 21September 290.0462Total for the Quarter:$ 0.1386The Company has paid 125 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 31 times over the prior 34 quarters (including this quarter). 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): $0.125 per share of Series B Preferred Stock for each of July, August and September 2023, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 21July 31$ 0.125August 23August 310.125September 21September 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): $0.125 per share of Series C Preferred Stock for each of July, August and September 2023, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 21July 31$ 0.125August 23August 310.125September 21September 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): $0.104167 per share of Series D Preferred Stock for each of July, August and September 2023, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountJuly 21July 31$ 0.104167August 23August 310.104167September 21September 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 Pre...