Gladstone Land Corporation Announces Monthly Common Stock Cash Distributions for October, November and December 2015 and Third Quarter Earnings Release and Conference Call Dates
MCLEAN, Va., Oct. 14, 2015 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced today that on October 13, 2015, its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the third quarter ended September 30, 2015.
Cash Distributions:
Common Stock: $0.04 per share of common stock for each of October, November and December 2015, payable per the table below. The Company has paid 32 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013.
| Summary of Common Stock Cash Distributions: | |||
|
Ex-Dividend Date |
Record Date | Payment Date | Amount |
| October 22 | October 26 | November 4 | $ 0.04 |
| November 13 | November 17 | November 30 | 0.04 |
| December 16 | December 18 | December 31 | 0.04 |
| Total for the Quarter: | $ 0.12 | ||
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 third quarter ending September 30, 2015, after the stock market closes on Tuesday, November 3, 2015. The Company will hold a conference call Wednesday, November 4, 2015, at 8:30 a.m. EST 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 December 4, 2015. To hear the replay, please dial (855) 859-2056 and use playback conference number 61262838.
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 January 4, 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 41 farms, comprised of 14,880 acres in 6 different states across the U.S., valued at approximately $261 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.
CONTACT: For further information: Gladstone Land Corporation,
+1-703-287-5893
Released October 14, 2015