MCLEAN, Va., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) announced today that its board of directors declared the following monthly cash distributions:
Cash Distributions:
Common Stock: $0.04 per share of common stock for each of January, February and March, 2016, payable per the table below. The Company has paid 35 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 | ||
| January 20 | January 22 | February 2 | $ | 0.04 | |
| February 16 | February 18 | February 29 | 0.04 | ||
| March 17 | March 21 | March 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.
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 43 farms, comprised of 16,810 acres in 6 different states across the U.S., valued at approximately $275 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.