Business
Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2021 and Third Quarter Ended September 30, 2021, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / October 12, 2021 / 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 12, 2021 / 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 2021.Monthly Cash Distributions:Common Stock: $0.0452 per share of common stock for each of October, November and December 2021, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountOctober 22October 29$ 0.0452November 19November 300.0452December 23December 310.0452Total for the Quarter:$ 0.1356The Company has paid 104 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 24 times over the prior 27 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): $0.125 per share of Series B Preferred Stock for each of October, November and December 2021, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 22October 29$ 0.125November 19November 300.125December 23December 310.125Total 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): $0.125 per share of Series C Preferred Stock for each of October, November and December 2021, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 28November 5$ 0.125November 29December 60.125December 29January 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): $0.104167 per share of Series D Preferred Stock for each of October, November and December 2021, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 22October 29$ 0.104167November 19November 300.104167December 23December 310.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distributio...