Gladstone Land Announces Increase in Monthly Cash Distributions for April, May, and June 2019 and First Quarter Ended March 3...
09 Avril 2019 - 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 2019
and also announced its plan to report earnings for the first
quarter ended March 31, 2019.
Monthly Cash Distributions:
Common Stock: $0.0445
per share of common stock for each of April, May, and June 2019,
payable per the table below:
Summary of Common Stock Cash
Distributions
Record Date |
Payment Date |
|
Amount |
April 22 |
April 30 |
|
$ |
0.0445 |
May
22 |
May
31 |
|
|
0.0445 |
June
19 |
June
28 |
|
|
0.0445 |
Total for the Quarter: |
|
$ |
0.1335 |
|
|
|
|
The Company has paid 74 consecutive monthly cash distributions
on its common stock since its initial public offering in January
2013 and has increased its common stock distributions 14 times over
the prior 51 months. The Company offers a dividend
reinvestment plan (the “DRIP”) to its common stockholders.
For more information regarding the DRIP, please visit
www.GladstoneFarms.com.
Series A Preferred Stock
(NASDAQ: LANDP): $0.1328125 per share of Series A Preferred
Stock for each of April, May, and June 2019, payable per the table
below:
Summary of Series A Preferred Stock Cash
Distributions
Record Date |
Payment Date |
|
Amount |
April 22 |
April 30 |
|
$ |
0.1328125 |
May
22 |
May
31 |
|
|
0.1328125 |
June
19 |
June
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 April, May, and June 2019, payable per the table below:
Summary of Series B Preferred Stock Cash
Distributions
Record Date |
Payment Date |
|
Amount |
April 24 |
May 3 |
|
$ |
0.125 |
May
22 |
May
31 |
|
|
0.125 |
June
26 |
July
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 first quarter ended March 31, 2019, after the
stock market closes on Tuesday, May 7, 2019. The Company will
hold a conference call on Wednesday, May 8, 2019, 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 15, 2019. To hear the replay,
please dial (855) 859-2056 and use playback conference number
9886778.
The live audio broadcast of the Company’s conference call will
also be available online at www.GladstoneFarms.com. The event
will be archived and available for replay on the Company’s website
through July 8, 2019.
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 86 farms,
comprised of 73,900 acres in 10 different states across the U.S.,
valued at approximately $620 million. Additional information
can be found at 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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