Business
Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2020 and Third Quarter Ended September 30, 2020, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / October 13, 2020 / 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 / October 13, 2020 / 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 October, November and December 2020 and also announced its plan to report earnings for its third quarter ended September 30, 2020.Monthly Cash Distributions:Common Stock: $0.0449 per share of common stock for each of October, November and December 2020, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountOctober 23October 30$ 0.0449November 20November 300.0449December 23December 310.0449Total for the Quarter:$ 0.1347The Company has paid 92 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 20 times over the prior 23 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): $0.1328125 per share of Series A Preferred Stock for each of October, November and December 2020, payable per the table below:Summary of Series A Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 23October 30$ 0.1328125November 20November 300.1328125December 23December 310.1328125Total for the Quarter:$ 0.3984375The Company has not skipped, reduced, or deferred a monthly Series A Preferred Stock distribution to date.Series B Preferred Stock (Unlisted): $0.125 per share of Series B Preferred Stock for each of October, November and December 2020, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 27November 5$ 0.125November 25December 40.125December 24January 50.125Total 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): $0.125 per share of Series C Preferred Stock for each of October, November and December 2020, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 27November 5$ 0.125November 25December 40.125December 24January 50.125Total for the Quarter:$ 0.375The Co...