Agree Realty Declares Monthly Cash Dividend

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.207 per common share, resulting in an annualized amount of $2.484. This marks a 6.2% increase from the previous year’s annualized dividend of $2.340. The dividend is scheduled for payment on April 14, 2021 to stockholders of record as of March 31, 2021. The company continues its focus on net lease properties, owning 1,129 properties across 46 states with a total gross leasable area of approximately 22.7 million square feet.

Positive

• Monthly cash dividend increased by 6.2%, demonstrating company growth and confidence.
• Dividend reflects a stable income stream for shareholders, with payment scheduled soon.

Negative

• None.

BLOOMFIELD HILLS, Mich., March 18, 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 $0.207 per common share. The monthly dividend reflects an annualized dividend amount of $2.484 per common share, representing a 6.2% increase over the annualized dividend amount of $2.340 per common share from the first quarter of 2020. The dividend is payable April 14, 2021 to stockholders of record at the close of business on March 31, 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-monthly-cash-dividend-301249677.html

SOURCE Agree Realty Corporation

FAQ

What is the dividend amount declared by Agree Realty Corporation (ADC) for March 2021?

Agree Realty Corporation has declared a dividend of $0.207 per common share.

When will the dividend be paid to shareholders of ADC?

The dividend will be paid on April 14, 2021.

What is the annualized dividend amount for Agree Realty Corporation (ADC) after the recent increase?

The annualized dividend amount is $2.484 per common share.

How much did the dividend increase compared to the previous year?

The dividend increased by 6.2% from last year's annualized amount of $2.340.