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Gladstone Land Announces Monthly Cash Distributions for April, May and June 2022 and First Quarter Ended March 31, 2022, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / April 12, 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 / April 12, 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 April, May and June 2022 and also announced its plan to report earnings for its first quarter ended March 31, 2022.Monthly Cash Distributions:Common Stock: $0.0454 per share of common stock for each of April, May and June 2022, payable per the table below:Summary of Common Stock Cash DistributionsRecord DatePayment DateAmountApril 22April 29$ 0.0454May 20May 310.0454June 22June 300.0454Total for the Quarter:$ 0.1362The Company has paid 110 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 26 times over the prior 29 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 B Preferred Stock (Nasdaq:LANDO): $0.125 per share of Series B Preferred Stock for each of April, May and June 2022, payable per the table below:Summary of Series B Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 22April 29$ 0.125May 20May 310.125June 22June 300.125Total 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): $0.125 per share of Series C Preferred Stock for each of April, May and June 2022, payable per the table below:Summary of Series C Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 28May 6$ 0.125May 27June 60.125June 29July 60.125Total 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 April, May and June 2022, payable per the table below:Summary of Series D Preferred Stock Cash DistributionsRecord DatePayment DateAmountApril 22April 29$0.104167May 20May 310.104167June 22June 300.104167Total for the Quarter:$ 0.312501The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.Earnings Announcement:The Company also announce...