Gladstone Land Announces Increase in Monthly Cash Distributions For July, August, and September 2018 and Earnings Release and...
10 Juillet 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 July, August, and
September 2018 and also announced its plan to report earnings for
the second quarter ended June 30, 2018.
Monthly Cash Distributions:
Common Stock: $0.04435
per share of common stock for each of July, August, and September
2018, payable per the table below:
Summary of Common Stock Cash
Distributions
Record Date |
Payment Date |
Amount |
July
20 |
July
31 |
$ 0.04435 |
August
21 |
August
31 |
0.04435 |
September 19 |
September 28 |
0.04435 |
|
Total for the Quarter: |
$ 0.13305 |
The Company has paid 65 consecutive monthly cash distributions
on its common stock since its initial public offering in January
2013 and has increased its common stock distributions 11 times over
the prior 42 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 2018, payable per the
table below:
Summary of Series A Preferred Stock Cash
Distributions
Record Date |
Payment Date |
Amount |
July
20 |
July
31 |
$ 0.1328125 |
August
21 |
August
31 |
0.1328125 |
September 19 |
September 28 |
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.
Series B Preferred Stock
(Unlisted): $0.125 per share of Series B Preferred Stock for
each of July, August, and September 2018, payable per the table
below:
Summary of Series B Preferred Stock Cash
Distributions
Record Date |
Payment Date |
Amount |
July
24 |
August
3 |
$ 0.125 |
August
21 |
August
31 |
0.125 |
September 25 |
October 5 |
0.125 |
|
Total for the Quarter: |
$ 0.375 |
The Company has not skipped, reduced, or deferred a monthly
Series B Preferred Stock distribution to date.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the second quarter ended June 30, 2018, after the
stock market closes on Wednesday, August 8, 2018. The Company
will hold a conference call on Thursday, August 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 August 16, 2018. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 22966142.
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, 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 63,325 acres in 9 different states across the U.S.,
valued at approximately $537 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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