Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, marking a 9.7% increase from the prior annualized dividend of $2.484. Shareholders of record as of February 28, 2022 will receive this payment on March 14, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock will be paid on March 1, 2022 to stockholders of record on February 24, 2022.

Positive

• Monthly cash dividend of $0.227 per common share represents a 9.7% increase.
• Strong track record with a portfolio of 1,404 properties across 47 states.

Negative

• None.

 

BLOOMFIELD HILLS, Mich., Feb. 14, 2022 /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 $0.227 per common share. The monthly dividend reflects an annualized dividend amount of $2.724 per common share, representing a 9.7% increase over the annualized dividend amount of $2.484 per common share from the first quarter of 2021. The dividend is payable March 14, 2022 to stockholders of record at the close of business on February 28, 2022.

Additionally, the Company's Board of Directors has authorized, and the Company has declared, a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is equivalent to $1.0625 per annum. The dividend is payable March 1, 2022 to stockholders of record at the close of business on February 24, 2022.

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 December 31, 2021, the Company owned and operated a portfolio of 1,404 properties, located in 47 states and containing approximately 29.1 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 (ADC) for March 2022?

The declared monthly cash dividend is $0.227 per common share.

When will the dividend be paid for Agree Realty Corporation?

The dividend will be paid on March 14, 2022, to stockholders of record on February 28, 2022.

What is the annualized dividend amount for Agree Realty Corporation's common shares?

The annualized dividend amount is $2.724 per common share.

What is the dividend for the preferred stock of Agree Realty Corporation?

The dividend for the 4.25% Series A Cumulative Redeemable Preferred Stock is $0.08854 per depositary share.