Gladstone Land Announces Increase in Monthly Cash Distributions for July, August and September 2021 and Second Quarter Ended June 30, 2021, Earnings Release and Conference Call Dates

Rhea-AI Summary

Gladstone Land Corporation (NASDAQ: LAND) declared monthly cash distributions of $0.0451 per share for its common stock for July, August, and September 2021. This marks 101 consecutive months of cash distributions since their IPO in January 2013, with 23 increases in the past 26 quarters. The total cash distribution for the quarter amounts to $0.1353. Additionally, distributions for Series B, C, and D Preferred Stock were set at $0.125 (totaling $0.375), and $0.104167 (totaling $0.3125), respectively. The Company plans to announce its earnings on August 10, 2021.

Positive

• 101 consecutive monthly cash distributions since IPO.
• Increased common stock distributions 23 times over 26 quarters.
• Total cash distribution for the quarter is $0.1353 per share.
• Series B, C, and D preferred stocks also receiving consistent distributions.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / July 13, 2021 / 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 2021.

Monthly Cash Distributions:

Common Stock: $0.0451 per share of common stock for each of July, August and September 2021, payable per the table below:

Summary of Common Stock Cash Distributions

Record Date	Payment Date	Amount
July 23	July 30	$ 0.0451
August 23	August 31	0.0451
September 22	September 30	0.0451
Total for the Quarter:		$ 0.1353

The Company has paid 101 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 23 times over the prior 26 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 July, August and September 2021, payable per the table below:

Summary of Series B Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
July 23	July 30	$ 0.125
August 23	August 31	0.125
September 22	September 30	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 July, August and September 2021, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
July 28	August 6	$ 0.125
August 25	September 3	0.125
September 29	October 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 July, August and September 2021, payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
July 23	July 30	$ 0.104167
August 23	August 31	0.104167
September 22	September 30	0.104167
Total for the Quarter:		$ 0.3125

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 second quarter ended June 30, 2021, after the stock market closes on Tuesday, August 10, 2021. The Company will hold a conference call on Wednesday, August 11, 2021, at 8:30 a.m. EDT 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 August 18, 2021. To hear the replay, please dial (877) 660-6853 and use playback conference number 13719722.

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 currently owns 153 farms, comprised of over 105,000 acres in 14 different states and over 20,000 acre-feet of banked water in California, valued at over $1.2 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, +1-703-287-5893

SOURCE: Gladstone Land Corporation

View source version on accesswire.com:
https://www.accesswire.com/655373/Gladstone-Land-Announces-Increase-in-Monthly-Cash-Distributions-for-July-August-and-September-2021-and-Second-Quarter-Ended-June-30-2021-Earnings-Release-and-Conference-Call-Dates

FAQ

What are the cash distributions for Gladstone Land Corporation (LAND) in July, August, and September 2021?

Gladstone Land Corporation declared cash distributions of $0.0451 per share for common stock, $0.125 for Series B, $0.125 for Series C, and $0.104167 for Series D preferred stock.

When will Gladstone Land Corporation (LAND) announce its earnings?

Gladstone Land Corporation plans to report its second-quarter earnings on August 10, 2021.

How many consecutive cash distributions has Gladstone Land Corporation (LAND) made?

The company has made 101 consecutive monthly cash distributions since its IPO in January 2013.

What is the total cash distribution amount for common stock in the third quarter of 2021?

The total cash distribution amount for common stock in the third quarter of 2021 is $0.1353 per share.