Gladstone Land Corporation Announces Common Stock Monthly Cash Distributions for April, May, and June 2013

Apr 09, 2013, 16:56 ET from Gladstone Land Corporation

MCLEAN, Va., April 9, 2013 /PRNewswire/ -- Gladstone Land Corporation (NASDAQ: LAND) (the "Company") announced today that its board of directors declared the following monthly cash distributions:

Common Stock: $0.12 per share of common stock for each of April, May, and June 2013, payable per Table 1 below. The Company has paid two consecutive monthly cash distributions on its common stock.

Summary of common stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date


April 18

April 22

April 30


May 16

May 20

May 31


June 17

June 19

June 28


Total for the Quarter:



A portion of the dividend payout for the quarter-ended June 30, 2013 relates to the $9.1 million of accumulated earnings and profits from prior years to be paid out by the end of 2013. We will provide a breakout of the accumulated earnings and profits from prior years and the earnings for 2013 in a 1099 form to be provided in January 2014.

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please contact the Company at +1-703-287-5893.

Gladstone Land Corporation is a publicly-traded real estate investment company 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 twelve farms appraised at approximately $75.5 million

Additional information about the Company can be found at

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit

SOURCE Gladstone Land Corporation