Increase Results in 2.9% Year-Over-Year Growth
and Annualized Dividend of $3.00 Per
Share
ROYAL OAK, Mich., April 8, 2024 /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 $0.250 per
common share, representing a 1.2% month-over-month increase. The
monthly dividend reflects an annualized dividend amount of
$3.00 per common share, representing
a 2.9% increase over the annualized dividend amount of $2.916 per common share from the second quarter
of 2023. The dividend is payable May 14,
2024 to stockholders of record at the close of business on
April 30, 2024.
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 May 1, 2024 to
stockholders of record at the close of business on April 19, 2024.
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 December 31, 2023, the Company owned and operated
a portfolio of 2,135 properties, located in 49 states and
containing approximately 44.2 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-increased-monthly-common-dividend-302110408.html
SOURCE AGREE REALTY CORPORATION
