Gladstone Land Corporation Announces Monthly Cash Distributions for July, August and September 2016 and Second Quarter Ended June 30, 2016, Earnings Release and Conference Call Dates
MCLEAN, Va., July 12, 2016 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) announced today that its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the second quarter ended June 30, 2016:
Cash Distributions:
Common Stock: $0.04125 per share of common stock for each of July, August and September 2016, payable per the table below.
| Summary of Common Stock Cash Distributions: | |||||
| Ex-Dividend Date |
Record Date | Payment Date | Amount | ||
| July 20 | July 22 | August 2 | $ | 0.04125 | |
| August 18 | August 22 | August 31 | 0.04125 | ||
| September 19 | September 21 | September 30 | 0.04125 | ||
| Total for the Quarter: | $ | 0.12375 | |||
The Company has paid 41 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstoneland.com.
Earnings Announcement:
The Company also announced today that it plans to report earnings for the second quarter ended June 30, 2016, after the stock market closes on Tuesday, August 2, 2016. The Company will hold a conference call Wednesday, August 3, 2016, 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 September 3, 2016. To hear the replay, please dial (855) 859-2056 and use playback conference number 29299225.
The live audio broadcast of the Company’s conference call will be available online at www.gladstoneland.com. The event will be archived and available for replay on the Company’s website through October 3, 2016.
About Gladstone Land:
Gladstone Land Corporation is a publicly-traded agricultural real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the United States that it leases to corporate and independent farmers. The Company currently owns 48 farms, comprised of 23,857 acres in 7 different states across the U.S., valued at approximately $339 million. Information on the business activities of all of the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
For further information: Gladstone Land Corporation, +1-703-287-5893
Released July 12, 2016