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MCLEAN, VA / ACCESSWIRE / October 8, 2024 / 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 October, November and December 2024.
Monthly Cash Distributions:
Common Stock: $0.0467 per share of common stock for each of October, November and December 2024, payable per the table below:
Summary of Common Stock Cash Distributions
Record Date | Payment Date | Amount |
October 22 | October 31 | $ 0.0467 |
November 20 | November 29 | 0.0467 |
December 20 | December 31 | 0.0467 |
Total for the Quarter: | $ 0.1401 |
The Company has paid 140 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 35 times over the prior 39 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 October, November and December 2024, payable per the table below:
Summary of Series B Preferred Stock Cash Distributions
Record Date | Payment Date | Amount |
October 22 | October 31 | $ 0.125 |
November 20 | November 29 | 0.125 |
December 20 | December 31 | 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.
Series C Preferred Stock (Nasdaq:LANDP): $0.125 per share of Series C Preferred Stock for each of October, November and December 2024, payable per the table below:
Summary of Series C Preferred Stock Cash Distributions
Record Date | Payment Date | Amount |
October 22 | October 31 | $ 0.125 |
November 20 | November 29 | 0.125 |
December 20 | December 31 | 0.125 |
Total for the Quarter: | $ 0.375 |
The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.
Series D Preferred Stock (Nasdaq:LANDM): $0.104167 per share of Series D Preferred Stock for each of October, November and December 2024, payable per the table below:
Summary of Series D Preferred Stock Cash Distributions
Record Date | Payment Date | Amount |
October 22 | October 31 | $ 0.104167 |
November 20 | November 29 | 0.104167 |
December 20 | December 31 | 0.104167 |
Total for the Quarter: | $ 0.312501 |
The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.
Series E Preferred Stock (Unlisted): $0.104167 per share of Series E Preferred Stock for each of October, November and December 2024, payable per the table below: