Gladstone Land Announces Monthly Cash Distributions for October, November and December 2017 and Announces Earnings Release an...
October 10 2017 - 4:05PM
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 2017 and also announced its plan to report earnings for
the third quarter ended September 30, 2017.
Monthly Cash Distributions:
Common Stock: $0.0441
per share of common stock for each of October, November and
December 2017, representing a 0.2% increase over the prior quarter,
payable per the table below:
Summary of Common Stock Cash Distributions |
|
Record Date |
Payment Date |
Amount |
October 20 |
October 31 |
$ |
0.0441 |
November 20 |
November 30 |
|
0.0441 |
December 19 |
December 29 |
|
0.0441 |
Total for the Quarter: |
$ |
0.1323 |
The Company has paid 56 consecutive monthly cash distributions
on its common stock since its initial public offering in January
2013 and has increased its common stock distributions eight times
over the prior 33 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 October, November and December 2017, payable per
the table below:
Summary of Series A Preferred Stock Cash
Distributions |
|
Record Date |
Payment Date |
Amount |
October 20 |
October 31 |
$ |
0.1328125 |
November 20 |
November 30 |
|
0.1328125 |
December 19 |
December 29 |
|
0.1328125 |
Total for the Quarter: |
$ |
0.3984375 |
The Company has not skipped, reduced or deferred a monthly
Series A Preferred Stock distribution to date.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the third quarter ended September 30, 2017, after the
stock market closes on Tuesday, November 7, 2017. The Company
will hold a conference call on Wednesday, November 8, 2017, at 8:30
a.m. EST 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 December 8, 2017. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 54451715.
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 January 8, 2018.
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 73 farms,
comprised of 63,074 acres in 9 different states across the U.S.,
valued at approximately $532 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
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