Gladstone Land Announces Updated Monthly Cash Distribution Dates for July, August and September 2024 For its Series E Preferred Stock
Rhea-AI Summary
Gladstone Land (Nasdaq: LAND) has announced updated monthly cash distribution dates for its Series E Preferred Stock for July, August, and September 2024. The company will distribute $0.104167 per share each month, totaling $0.312501 for the quarter. The record and payment dates are as follows:
- July: Record date - July 25, Payment date - August 5
- August: Record date - August 26, Payment date - September 5
- September: Record date - September 25, Payment date - October 4
Gladstone Land emphasizes that it has not skipped, reduced, or deferred any monthly Series E Preferred Stock distributions to date, maintaining its consistent payment record.
Positive
- Consistent monthly cash distributions of $0.104167 per share for Series E Preferred Stock
- Maintained uninterrupted distribution record for Series E Preferred Stock
Negative
- None.
News Market Reaction
On the day this news was published, LAND gained 0.88%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MCLEAN, VA / ACCESSWIRE / July 25, 2024 / Updating the Series E Preferred Stock Record Dates and Payment Dates.
Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today corrected record and payment dates for the cash distributions for its Series E Preferred Stock for each of July, August and September 2024.
Series E Preferred Stock (Unlisted):
Summary of Series E Preferred Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
July 25 | August 5 |
| $ | 0.104167 |
|
August 26 | September 5 |
|
| 0.104167 |
|
September 25 | October 4 |
|
| 0.104167 |
|
Total for the Quarter: |
|
| $ | 0.312501 |
|
The Company has not skipped, reduced, or deferred a monthly Series E Preferred Stock distribution to date.
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, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 168 farms, comprised of approximately 112,000 acres in 15 different states and over 49,000 acre-feet of banked water in California, valued at a total of 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, (703) 287-5893
SOURCE: Gladstone Land Corporation
View the original press release on accesswire.com
FAQ
What is the total quarterly distribution for Gladstone Land's Series E Preferred Stock in Q3 2024?
When is the payment date for Gladstone Land's Series E Preferred Stock distribution in August 2024?
Has Gladstone Land ever skipped or reduced its Series E Preferred Stock distributions?
What is the monthly distribution amount for Gladstone Land's Series E Preferred Stock in 2024?
