Agree Realty Declares Increased Monthly Cash Dividend

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, effective May 14, 2021. This reflects an annualized dividend of $2.604, marking an 8.5% increase from the previous year's annualized dividend of $2.400. Shareholders on record by April 30, 2021, will receive this dividend. The company, focused on acquiring and developing properties leased to top retail tenants, owned 1,129 properties with approximately 22.7 million square feet of leasable area as of December 31, 2020.

Positive

• Monthly dividend of $0.217 per share, signaling strong shareholder returns.
• 8.5% increase in annualized dividend from $2.400 to $2.604, indicating company growth and profitability.

Negative

• None.

BLOOMFIELD HILLS, Mich., April 15, 2021 /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 $0.217 per common share. The monthly dividend reflects an annualized dividend amount of $2.604 per common share, representing an 8.5% increase over the annualized dividend amount of $2.400 per common share from the second quarter of 2020. The dividend is payable May 14, 2021 to stockholders of record at the close of business on April 30, 2021.                                                                                                                                            

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants.  As of December 31, 2020, the Company owned and operated a portfolio of 1,129 properties, located in 46 states and containing approximately 22.7 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, please visit www.agreerealty.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/agree-realty-declares-increased-monthly-cash-dividend-301270143.html

SOURCE Agree Realty Corporation