Gladstone Land Announces Monthly Cash Distributions for its Series D Preferred Stock for February and March 2021
Gladstone Land Corporation (NASDAQ:LAND) announced cash distributions for its 5.00% Series D Cumulative Term Preferred Stock.
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Rhea-AI Summary
Gladstone Land Corporation (NASDAQ:LAND) announced cash distributions for its 5.00% Series D Cumulative Term Preferred Stock. Shareholders will receive distributions of $0.142361 per share for February, payable on February 28, 2021, for shares recorded by February 17. For March, the distribution is $0.104167 per share, payable on April 5, 2021, for shares recorded by March 25. The total cash distribution for the quarter amounts to $0.246528 per share.
Gladstone Land currently owns 137 farms across the U.S., valued at approximately $1.2 billion.
Positive
- Declared cash distributions for Series D Preferred Stock totaling $0.246528 per share for the quarter.
- Strong underlying asset base with 137 farms valued at approximately $1.2 billion.
Negative
- None.
Details
News Market Reaction – LAND
The recorded move for LAND in the trading session of this news was -2.13%.
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MCLEAN, VA / ACCESSWIRE / January 25, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for its recently issued
Series D Preferred Stock: We have applied to list the Series D Preferred Stock on the Nasdaq Global Market under the symbol "LANDM." Cash distributions per share of Series D Preferred Stock for each of February and March 2021, are payable per the table below:
Summary of Series D Preferred Stock Cash Distributions
Record Date | Payment Date | Amount |
February 17 | February 28 | 0.142361 |
March 25 | April 5 | 0.104167 |
Total for the Quarter: | ||
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 137 farms, comprised of approximately 101,000 acres in 13 different states across the U.S., valued at approximately
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/625734/Gladstone-Land-Announces-Monthly-Cash-Distributions-for-its-Series-D-Preferred-Stock-for-February-and-March-2021
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