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Gladstone Land lifts monthly cash distributions

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Gladstone Land lifts monthly cash distributions

Gladstone Land Corp. raised its monthly cash distribution on its common stock by 3.0%, beginning with October, November and December.

The new per-share cash distribution rate is 4.25 cents per month, equating to 12.75 cents per quarter and 51 cents per year.

The distribution increase is the second so far this year, the company noted in a release.