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 amount of $2.604. This represents an 8.5% increase from the previous year's annualized dividend of $2.400. The dividend is scheduled for payment on July 14, 2021 to shareholders on record as of June 30, 2021. As of March 31, 2021, the company owns 1,213 properties across 46 states, totaling approximately 24.2 million square feet of gross leasable area.

Positive

• Monthly cash dividend of $0.217 per common share, marking an 8.5% increase from last year.
• Annualized dividend amount now stands at $2.604 per share, reflecting strong shareholder returns.

Negative

• None.

BLOOMFIELD HILLS, Mich., June 16, 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 July 14, 2021 to stockholders of record at the close of business on June 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/agree-realty-declares-monthly-cash-dividend-301314098.html

SOURCE Agree Realty Corporation

FAQ

What is the dividend amount declared by ADC?

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

When will the dividend be paid to shareholders of ADC?

The dividend will be paid on July 14, 2021, to shareholders of record on June 30, 2021.

How much has the dividend increased for ADC compared to last year?

The dividend has increased by 8.5% from the previous annualized dividend of $2.400.

What is the total number of properties owned by ADC?

As of March 31, 2021, Agree Realty Corporation owns and operates 1,213 properties.

In how many states does ADC operate?

Agree Realty Corporation operates in 46 states across the United States.