Gladstone Land Announces Increase in Monthly Cash Distributions for Q2 2024

Gladstone Land Corporation (Nasdaq: LAND), also known as Gladstone Land, has declared enhanced cash distributions for April, May, and June 2024 for its various stock categories. This announcement underscores the company's consistent financial performance and commitment to rewarding shareholders.

For its common stock, monthly distributions are set at $0.0466 per share, maintaining a streak of 134 consecutive monthly cash distributions since its initial public offering in January 2013. The company has increased common stock distributions 34 times over the past 37 quarters. Additionally, Gladstone Land provides a dividend reinvestment plan (DRIP) for common stockholders.

Series B, C, D, and E Preferred Stocks also see distributions for the quarter, with Series B and C Preferred Stocks at $0.125 per share and Series D and E Preferred Stocks at $0.104167 per share for each month of the second quarter of 2024. Notably, the company has never missed, reduced, or deferred monthly distributions for these stocks.

Gladstone Land also announced its plans to report earnings for the first quarter ended March 31, 2024, with a conference call scheduled for May 8, 2024, to discuss the results. The call aims to provide shareholders and interested parties with detailed insights into the company's performance and outlook.