BLOOMFIELD HILLS, Mich., June 14,
2023 /PRNewswire/ -- Agree Realty Corporation (NYSE:
ADC) (the "Company") today announced that its Board of Directors
has authorized, and the Company has declared, a monthly cash
dividend of $0.243 per common share.
The monthly dividend reflects an annualized dividend amount of
$2.916 per common share, representing
a 3.8% increase over the annualized dividend amount of $2.808 per common share from the second quarter
of 2022. The dividend is payable July 14,
2023 to stockholders of record at the close of business on
June 30, 2023.
Additionally, the Company's Board of Directors has authorized,
and the Company has declared, a monthly cash dividend on its 4.25%
Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is
equivalent to $1.0625 per annum. The
dividend is payable July 3, 2023 to
stockholders of record at the close of business on June 23, 2023.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate
investment trust that is RETHINKING RETAIL
through the acquisition and development of properties net leased to
industry-leading, omni-channel retail tenants. As of March 31, 2023, the Company owned and operated a
portfolio of 1,908 properties, located in all 48 continental states
and containing approximately 40.1 million square feet of gross
leasable area. The Company's common stock is listed on the New York
Stock Exchange under the symbol "ADC". For additional
information on the Company and RETHINKING
RETAIL, please visit www.agreerealty.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/agree-realty-declares-monthly-common-and-preferred-dividends-301850924.html
SOURCE Agree Realty Corporation