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

Rhea-AI Summary

Gladstone Land Corporation (Nasdaq: LAND) announced cash distributions of $0.0459 per share for common stock for January, February, and March 2023, reflecting an increase from the previous quarter.

The company has consistently paid dividends since its IPO in January 2013, with a total of 119 consecutive monthly distributions. Additionally, it has plans to report its fourth quarter earnings on February 21, 2023, followed by a conference call on February 22, 2023.

Positive

• Monthly cash distribution for common stock increased to $0.0459 per share.
• 119 consecutive monthly distributions paid since IPO.
• 29 increases in common stock distributions over the last 32 quarters.

Negative

• None.

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
February 17	February 28	0.125
March 17	March 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 (Unlisted): $0.125 per share of Series C Preferred Stock for each of January, February and March 2023, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
January 26	February 6	$ 0.125
February 23	March 6	0.125
March 29	April 6	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 January, February and March 2023, payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
January 20	January 31	$ 0.104167
February 17	February 28	0.104167
March 17	March 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.

Earnings Announcement:

The Company also announced today that it plans to report earnings for its fourth quarter ended December 31, 2022, after the stock market closes on Tuesday, February 21, 2023. The Company will hold a conference call on Wednesday, February 22, 2023, at 8:30 a.m. EST to discuss its earnings results. Please call (877) 407-9046 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 March 1, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13734663.

The live audio broadcast of the Company's conference call will also be available online at www.GladstoneLand.com.

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, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of over 115,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Additional information can be found at www.GladstoneLand.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.GladstoneCompanies.com.

For further information: Gladstone Land Corporation, (703) 287-5893

SOURCE: Gladstone Land Corporation

View source version on accesswire.com:
https://www.accesswire.com/734716/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

FAQ

What is the cash distribution for common stock by Gladstone Land for January 2023?

Gladstone Land announced a cash distribution of $0.0459 per share for January 2023.

When will Gladstone Land report its fourth quarter earnings?

Gladstone Land plans to report its fourth quarter earnings on February 21, 2023.

How many times has Gladstone Land increased its cash distributions?

Gladstone Land has increased its cash distributions 29 times over the prior 32 quarters.

What is the total cash distribution for preferred stocks in Q1 2023?

The total cash distribution for Series B, C, and D preferred stocks is $0.375 per share for Series B and C, and $0.312501 for Series D.