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 $2.400 to $2.604 for 2021. The dividend will be payable on June 11, 2021, to shareholders on record by May 28, 2021. The company, as of March 31, 2021, operates a portfolio of 1,213 properties across 46 states, totaling around 24.2 million square feet of gross leasable area.

Positive

• Monthly cash dividend of $0.217 per share authorized.
• Annualized dividend increased by 8.5% from last year.
• Strong property portfolio of 1,213 properties across 46 states.

Negative

• None.

BLOOMFIELD HILLS, Mich., May 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 second quarter of 2020. The dividend is payable June 11, 2021 to stockholders of record at the close of business on May 28, 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 March 31, 2021, the Company owned and operated a portfolio of 1,213 properties, located in 46 states and containing approximately 24.2 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.   

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SOURCE Agree Realty Corporation

FAQ

What is the dividend amount declared by Agree Realty Corporation (ADC)?

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

When is the dividend payable for Agree Realty Corporation (ADC)?

The dividend will be payable on June 11, 2021.

What was the annualized dividend amount before the increase for Agree Realty Corporation (ADC)?

The annualized dividend amount prior to the increase was $2.400.

When is the record date for the dividend payment of Agree Realty Corporation (ADC)?

The record date for the dividend payment is May 28, 2021.

How many properties does Agree Realty Corporation (ADC) operate?

As of March 31, 2021, Agree Realty Corporation operates a portfolio of 1,213 properties.