Gladstone Land Announces Monthly Cash Distributions for April, May, and June 2018 and Announces Earnings Release and Confer...
10 Avril 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 April, May, and June 2018
and also announced its plan to report earnings for the first
quarter ended March 31, 2018.
Monthly Cash Distributions:
Common Stock: $0.0443
per share of common stock for each of April, May, and June 2018,
representing a 0.1% increase over the prior quarter, payable per
the table below:
|
|
|
Summary of Common Stock Cash
Distributions |
|
|
|
Record Date |
Payment Date |
Amount |
April
20 |
April
30 |
$ |
0.0443 |
May
22 |
May
31 |
|
0.0443 |
June
20 |
June
29 |
|
0.0443 |
Total for the Quarter: |
$ |
0.1329 |
|
|
|
The Company has paid 62 consecutive monthly cash distributions
on its common stock since its initial public offering in January
2013 and has increased its common stock distributions 10 times over
the prior 39 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 April, May, and June 2018, payable per the table
below:
|
|
|
Summary of Series A Preferred Stock Cash
Distributions |
|
|
|
Record Date |
Payment Date |
Amount |
April
20 |
April
30 |
$ |
0.1328125 |
May
22 |
May
31 |
|
0.1328125 |
June
20 |
June
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 first quarter ended March 31, 2018, after the
stock market closes on Tuesday, May 8, 2018. The Company will
hold a conference call on Wednesday, May 9, 2018, 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 May 16, 2018. To hear the replay,
please dial (855) 859-2056 and use playback conference number
54444665.
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 July 9, 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 75 farms,
comprised of 63,351 acres in 9 different states across the U.S.,
valued at approximately $538 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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