Gladstone Land Announces Monthly Cash Distributions for July, August and September 2017 and Announces Earnings Release and Co...
July 11 2017 - 4:10PM
Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) announced
today that its board of directors declared the following cash
distributions for each of July, August and September 2017 and also
announced its plan to report earnings for the second quarter ending
June 30, 2017.
Monthly Cash Distributions:
Common Stock: $0.0440
per share of common stock for each of July, August and September
2017, representing a 1.1% increase over the prior quarter, payable
per the table below:
Summary of Common Stock Cash
Distributions
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
July
19 |
July
21 |
July
31 |
$ |
0.0440 |
August
17 |
August
21 |
August
31 |
|
0.0440 |
September 18 |
September 20 |
September 29 |
|
0.0440 |
Total for the Quarter: |
$ |
0.1320 |
The Company has paid 53 consecutive monthly cash
distributions on its common stock since its initial public offering
in January 2013 and has increased its common stock distributions
seven times over the prior 30 months. 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 A Preferred
Stock (NASDAQ:LANDP): $0.1328125 per share
of Series A Preferred Stock for each of July, August and September
2017, payable per the table below:
Summary of Series A Preferred Stock Cash
Distributions
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
July
19 |
July
21 |
July
31 |
$ |
0.1328125 |
August
17 |
August
21 |
August
31 |
|
0.1328125 |
September 18 |
September 20 |
September 29 |
|
0.1328125 |
Total for the Quarter: |
$ |
0.3984375 |
The Company has never skipped, reduced or deferred
a monthly Series A Preferred Stock distribution.
Earnings Announcement:
The Company also announced today that it plans to
report earnings for the second quarter ending June 30, 2017, after
the stock market closes on Tuesday, August 8, 2017. The
Company will hold a conference call Wednesday, August 9, 2017, at
8:30 a.m. EDT to discuss its earnings results. Please call
(855) 363-1762 to join the conference call. An operator will
monitor the call and set a queue for questions.
A conference call replay will be available after the call and
will be accessible through September 9, 2017. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 54433981.
The live audio broadcast of the Company’s
conference call will also be available online at
www.GladstoneLand.com. The event will be archived and
available for replay on the Company’s website through October 9,
2017.
About Gladstone Land:Gladstone
Land is a publicly-traded real estate investment trust that invests
in farmland located in major agricultural markets in the U.S.,
which it leases to farmers. The Company currently owns 65
farms, comprised of 57,930 acres in 8 different states across the
U.S., valued at approximately $490 million. Additional
information can be found at www.GladstoneLand.com and
www.GladstoneFarms.com.
For stockholder information on Gladstone Land, call
(703) 287-5893. For Investor Relations inquiries related to
any of the monthly dividend-paying Gladstone funds, please visit
www.Gladstone.com.
For further information:
Gladstone Land Corporation, +1-703-287-5893
Gladstone Land (NASDAQ:LAND)
Historical Stock Chart
From Apr 2024 to May 2024
Gladstone Land (NASDAQ:LAND)
Historical Stock Chart
From May 2023 to May 2024