Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
MCLEAN, Va., April 11, 2017 -- Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) announced today that its board of directors declared the following cash distributions for April, May and June 2017 and also announced its plan to report earnings for the first quarter ending March 31, 2017.
Monthly Cash Distributions:
Common Stock: $0.0435 per share of common stock for each of April, May and June 2017, representing a 1.2% increase over the prior quarter, payable per the table below:
| Summary of Common Stock Cash Distributions | ||||
| Ex-Dividend Date | Record Date | Payment Date | Amount | |
| April 19 | April 21 | April 28 | $ | 0.0435 |
| May 17 | May 19 | May 31 | 0.0435 | |
| June 19 | June 21 | June 30 | 0.0435 | |
| Total for the Quarter: | $ | 0.1305 | ||
The Company has paid 50 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions six times over the prior 27 months. The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders; for more information regarding the DRIP, please visit www.GladstoneLand.com.
Series A Preferred Stock (NASDAQ:LANDP): $0.1328125 per share of Series A Preferred Stock for each of April, May and June 2017, payable per the table below:
| Summary of Series A Preferred Stock Cash Distributions | ||||
| Ex-Dividend Date | Record Date | Payment Date | Amount | |
| April 19 | April 21 | April 28 | $ | 0.1328125 |
| May 17 | May 19 | May 31 | 0.1328125 | |
| June 19 | June 21 | June 30 | 0.1328125 | |
| Total for the Quarter: | $ | 0.3984375 | ||
The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.
Earnings Announcement:
The Company also announced today that it plans to report earnings for the first quarter ended March 31, 2017, after the stock market closes on Tuesday, May 9, 2017. The Company will hold a conference call Wednesday, May 10, 2017, at 8:30 a.m. EDT to discuss its earnings results. Please call (855) 363-1762 to join the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through June 10, 2017. To hear the replay, please dial (855) 859-2056 and use playback conference number 56276478.
The live audio broadcast of the Company’s conference call will also be available online at www.GladstoneLand.com. The event will be archived and available for replay on the Company’s website through July 10, 2017.
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 currently owns 59 farms, comprised of 54,340 acres in 7 different states across the U.S., valued at approximately $455 million. Additional information can be found at www.GladstoneLand.com and www.GladstoneFarms.com.
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.Gladstone.com.
For further information: Gladstone Land Corporation, +1-703-287-5893
