Gladstone Land Corporation Announces Monthly Cash Distributions for January, February and March, 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017
January 10, 2017 at 04:18 pm
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Gladstone Land Corporation announced that its board of directors declared the $0.043 per share of common stock for each of January, February and March, 2017, representing a 1.2% increase over the prior quarter. The dividends will be payable on January 31, 2017, February 28, 2017 and March 31, 2017, with a record dates of January 20, 2016, February 16, 2016 and March 22, 2016. The ex-dividend dates were January 18, 2017, February 14, 2017 and March 20, 2017.
Gladstone Land Corporation is a real estate investment trust that acquires and owns farmland and farm-related properties located in various agricultural markets in the United States. The Company owns around 168 farms, comprised of 112,000 acres in 15 different states and 46,400 acre-feet of water assets in California. Its farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables. It also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards. Approximately 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 20% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities and processing buildings, among others. Its adviser is Gladstone Management Corporation.
Gladstone Land Corporation Announces Monthly Cash Distributions for January, February and March, 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017
GLADSTONE LAND CORPORATION 
