Gladstone Land Corporation Announces Quarterly Cash Distributions
October 8, 2024
MCLEAN, VA / ACCESSWIRE / October 8, 2024 /
Gladstone Land Corporation (Nasdaq:LAND) (“Gladstone Land” or the “Company”) has declared the following cash distributions for October, November, and December 2024:
Monthly Cash Distributions:
Common Stock: $0.0467 per share of common stock for each of October, November, and December 2024.
Summary of Common Stock Cash Distributions
| Record Date | Payment Date | Amount |
|---|---|---|
| October 22 | October 31 | $0.0467 |
| November 20 | November 29 | $0.0467 |
| December 20 | December 31 | $0.0467 |
Total for the Quarter: $0.1401
The Company has a track record of paying 140 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. Additionally, it has increased its common stock distributions 35 times over the prior 39 quarters.
Impact on Individuals
Individual investors who hold common stock in Gladstone Land Corporation can expect to receive the monthly cash distributions outlined above. This can provide a source of passive income for investors, helping to supplement their overall investment portfolio.
Global Impact
The consistent quarterly cash distributions from Gladstone Land Corporation demonstrate the company’s stability and commitment to providing value to its shareholders. This can have a positive impact on the overall real estate investment market, attracting more investors to similar opportunities and contributing to the growth of the industry as a whole.
Conclusion
In conclusion, Gladstone Land Corporation’s announcement of quarterly cash distributions reflects the company’s strong financial performance and dedication to rewarding its shareholders. This news is not only beneficial for individual investors who receive the distributions, but also contributes to the positive momentum of the real estate investment market globally.
