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, marking an annualized total of $2.604 and an 8.5% increase from the previous year. This dividend is payable on August 13, 2021 to stockholders who are on record as of July 30, 2021. The company owns and manages a portfolio of 1,213 properties across 46 states, totaling approximately 24.2 million square feet of gross leasable area.

Positive

• Monthly dividend of $0.217 per share declared.
• Annualized dividend raised to $2.604, an 8.5% increase.

Negative

• None.

BLOOMFIELD HILLS, Mich., July 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 third quarter of 2020. The dividend is payable August 13, 2021 to stockholders of record at the close of business on July 30, 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 is payable on August 13, 2021.

What is the record date for the dividend payment by Agree Realty Corporation (ADC)?

The record date for the dividend payment is July 30, 2021.

How much has the dividend increased for Agree Realty Corporation (ADC) compared to last year?

The dividend has increased by 8.5% from last year's annualized dividend amount.