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Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2023 and Earnings Release and Conference Call Dates for the Third Quarter Ended September 30, 2023
MCLEAN, VA / ACCESSWIRE / October 10, 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 / October 10, 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 October, November and December 2023.Monthly Cash Distributions:Common Stock: $0.0464 per share of common stock for each of October, November and December 2023, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountOctober 20October 31$ 0.0464November 20November 300.0464December 18December 290.0464Total for the Quarter:$ 0.1392The Company has paid 128 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 32 times over the prior 35 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): $0.125 per share of Series B Preferred Stock for each of October, November and December 2023, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 20October 31$ 0.125November 20November 300.125December 18December 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): $0.125 per share of Series C Preferred Stock for each of October, November and December 2023, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 20October 31$ 0.125November 20November 300.125December 18December 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): $0.104167 per share of Series D Preferred Stock for each of October, November and December 2023, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountOctober 20October 31$ 0.104167November 20November 300.104167December 18December 290.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series...