Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2023 and Fourth Quarter Ended December 31, 2022, Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / January 10, 2023 / 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 …
MCLEAN, VA / ACCESSWIRE / January 10, 2023 / 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 2023.
Monthly Cash Distributions:
Common Stock: $0.0459 per share of common stock (an increase from the monthly dividend declared and paid the prior quarter) for each of January, February and March 2023, payable per the table below:
Summary of Common Stock Cash Distributions
Record Date |
Payment Date |
Amount |
January 20 |
January 31 |
$ 0.0459 |
February 17 |
February 28 |
0.0459 |
March 17 |
March 31 |
0.0459 |
Total for the Quarter: |
$ 0.1377 |
The Company has paid 119 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 29 times over the prior 32 quarters. 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 B Preferred Stock (Nasdaq:LANDO): $0.125 per share of Series B Preferred Stock for each of January, February and March 2023, payable per the table below:
Summary of Series B Preferred Stock Cash Distributions
Record Date |
Payment Date |
Amount |
January 20 |
January 31 |
$ 0.125 |