Gladstone Land Corporation Announces Common Stock Monthly Cash Distributions for January, February and March 2014

MCLEAN, Va., Jan. 7, 2014 /PRNewswire/ -- Gladstone Land Corporation (NASDAQ: LAND) (the "Company") announced today that its board of directors declared the following monthly cash distributions:

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Cash Distributions:

Common Stock:  $0.03 per share of common stock for each of January, February and March 2014, payable per the table below.  The Company has paid 11 consecutive monthly cash distributions on its common stock.

Summary of Common Stock Cash Distributions:

Ex-Dividend Date

Record Date

Payment Date


January 17

January 22

January 31

$ 0.03

February 14

February 19

February 28


March 13

March 17

March 31


Total for the Quarter:

$ 0.09


The Company had previously been paying a monthly dividend of $0.12 per share during 2013 in order to distribute its historic accumulated earnings and profits so it would be eligible to declare status as a real estate investment trust.  All such historical accumulated earnings and profits have now been fully distributed.

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders.  For more information regarding the DRIP, please visit

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 21 farms appraised at approximately $113 million.  Information on the business activities of all of the Gladstone funds can be found at

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

SOURCE Gladstone Land Corporation