Agree Realty Declares Monthly Cash Dividend

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.217 per common share, reflecting an annualized increase of 8.5% from the previous year. This brings the total annualized dividend to $2.604 per share. The dividend is scheduled for payment on September 14, 2021 to shareholders of record as of August 31, 2021. As of June 30, 2021, Agree Realty operates 1,262 properties across 46 states, totaling approximately 26.1 million square feet.

Positive

• Monthly cash dividend of $0.217 per share.
• Annualized dividend increased to $2.604, an 8.5% rise from last year.
• Strong portfolio with 1,262 properties across 46 states.

Negative

• None.

BLOOMFIELD HILLS, Mich., Aug. 17, 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 third quarter of 2020. The dividend is payable September 14, 2021 to stockholders of record at the close of business on August 31, 2021.  

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 June 30, 2021, the Company owned and operated a portfolio of 1,262 properties, located in 46 states and containing approximately 26.1 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.

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SOURCE Agree Realty Corporation

FAQ

What is the dividend amount declared by Agree Realty Corporation?

Agree Realty Corporation declared a monthly cash dividend of $0.217 per common share.

When is the dividend payment date for Agree Realty Corporation?

The dividend is payable on September 14, 2021.

What was the percentage increase in the annualized dividend for Agree Realty Corporation?

The annualized dividend increased by 8.5% from the previous year.

What is the total number of properties owned by Agree Realty Corporation?

Agree Realty Corporation owns and operates 1,262 properties.

In how many states does Agree Realty Corporation have properties?

Agree Realty Corporation has properties in 46 states.