Business
Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2022 and Third Quarter Ended September 30, 2022, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / October 11, 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 / October 11, 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 October, November and December 2022.Monthly Cash Distributions:Common Stock: $0.0458 per share of common stock for each of October, November and December 2022, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountOctober 21October 31$ 0.0458November 18November 300.0458December 20December 300.0458Total for the Quarter:$ 0.1374The Company has paid 116 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 28 times over the prior 31 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): $0.125 per share of Series B Preferred Stock for each of October, November and December 2022, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 21October 31$ 0.125November 18November 300.125December 20December 300.125 Total 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): $0.125 per share of Series C Preferred Stock for each of October, November and December 2022, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 26November 4$ 0.125November 23December 50.125December 28January 60.125 Total 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): $0.104167 per share of Series D Preferred Stock for each of October, November and December 2022, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 21October 31$ 0.104167November 18November 300.104167December 20December 300.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribut...