Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.8% from last year, amounting to $2.724. This dividend is payable on December 14, 2021, to stockholders of record as of November 30, 2021. Additionally, the Company declared a dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on December 1, 2021. These announcements underscore the company’s commitment to returning value to shareholders.

Positive

• Monthly cash dividend of $0.227 per common share, reflecting a 9.8% increase.
• Annualized dividend amount increased to $2.724 per common share.
• Dividend payment demonstrates the company's commitment to shareholder value.

Negative

• None.

BLOOMFIELD HILLS, Mich., Nov. 11, 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 $0.227 per common share. The monthly dividend reflects an annualized dividend amount of $2.724 per common share, representing a 9.8% increase over the annualized dividend amount of $2.480 per common share from the fourth quarter of 2020. The dividend is payable December 14, 2021 to stockholders of record at the close of business on November 30, 2021.

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 December 1, 2021 to stockholders of record at the close of business on November 22, 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 September 30, 2021, the Company owned and operated a portfolio of 1,338 properties, located in 47 states and containing approximately 27.7 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 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 for Agree Realty Corporation (ADC)?

Agree Realty Corporation (ADC) has declared a monthly cash dividend of $0.227 per common share.

When is the dividend payment date for ADC?

The dividend payment date for Agree Realty Corporation (ADC) is December 14, 2021.

What was the annualized dividend increase for ADC?

The annualized dividend for ADC increased by 9.8% to $2.724 per common share.

When is the record date for the dividend payment of ADC?

The record date for the dividend payment of Agree Realty Corporation (ADC) is November 30, 2021.

What is the preferred stock dividend for Agree Realty Corporation?

The Company declared a dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock.