Gladstone Land Corporation Announces Common Stock Monthly Cash Distributions for July, August and September, 2014, and Second Quarter Earnings Release and Conference Call Dates
MCLEAN, Va., July 15, 2014 (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, 2014.
Cash Distributions:
Common Stock: $0.03 per share of common stock for each of July, August and September, 2014, payable per the table below. The Company has paid 17 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 | |||
| July 23 | July 25 | August 5 | $ 0.03 | |||
| August 18 | August 20 | August 29 | 0.03 | |||
| September 17 | September 19 | September 30 | 0.03 | |||
| Total for the Quarter: | $ 0.09 | |||||
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 ending June 30, 2014, after the stock market closes on Monday, August 4, 2014. The Company will hold a conference call Tuesday, August 5, 2014 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 5, 2014. To hear the replay, please dial (855) 859-2056 and use playback conference number 61625360.
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 5, 2014.
Gladstone Land Corporation is a publicly-traded agricultural real estate company 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 6,439 acres on 26 farms in 5 different states across the U.S., appraised at an aggregate value of approximately $132 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: Gladstone Land Corporation, +1-703-287-5893
Released July 15, 2014