Gladstone Land Announces Monthly Cash Distributions for January, February, and March 2018
09 Janvier 2018 - 10:05PM
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 January, February, and
March 2018.
Monthly Cash Distributions:
Common Stock: $0.04425
per share of common stock for each of January, February, and March
2018, representing a 0.3% increase over the prior quarter, payable
per the table below:
Summary of Common Stock Cash
Distributions |
|
Record Date |
Payment Date |
Amount |
January 22 |
January 31 |
$ 0.04425 |
February 16 |
February 28 |
0.04425 |
March
20 |
March
30 |
0.04425 |
Total for the Quarter: |
$ 0.13275 |
The Company has paid 59 consecutive monthly cash distributions
on its common stock since its initial public offering in January
2013 and has increased its common stock distributions nine times
over the prior 36 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 January, February, and March 2018, payable per the
table below:
Summary of Series A Preferred Stock Cash
Distributions |
|
Record Date |
Payment Date |
Amount |
January 22 |
January 31 |
$ 0.1328125 |
February 16 |
February 28 |
0.1328125 |
March
20 |
March
30 |
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.
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 63,014 acres in 9 different states across the U.S.,
valued at approximately $534 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.
Source: Gladstone Land Corporation
For further information: Gladstone Land Corporation,
+1-703-287-5893
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