Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has announced a monthly cash dividend of $0.234 per common share, marking a 7.8% increase from last year. This results in an annualized dividend of $2.808, payable on July 14, 2022, to shareholders on record as of June 30, 2022. Additionally, the Company declared a dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on July 1, 2022, to stockholders recorded by June 24, 2022.

Positive

• Monthly cash dividend increased to $0.234 per common share, reflecting a 7.8% annualized growth.
• Annualized dividend now at $2.808 per common share, indicating strong financial health.

Negative

• None.

BLOOMFIELD HILLS, Mich., June 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 $0.234 per common share. The monthly dividend reflects an annualized dividend amount of $2.808 per common share, representing a 7.8% increase over the annualized dividend amount of $2.604 per common share from the second quarter of 2021. The dividend is payable July 14, 2022 to stockholders of record at the close of business on June 30, 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 July 1, 2022 to stockholders of record at the close of business on June 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 March 31, 2022, the Company owned and operated a portfolio of 1,510 properties, located in 47 states and containing approximately 31.0 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 monthly dividend amount for Agree Realty Corporation (ADC)?

The monthly dividend amount is $0.234 per common share.

When will the dividend be paid to shareholders of ADC?

The dividend will be payable on July 14, 2022.

What is the annualized dividend amount for Agree Realty Corporation?

The annualized dividend amount is $2.808 per common share.

When is the record date for shareholders to receive dividends from ADC?

The record date for the dividends is June 30, 2022.

What dividend did Agree Realty Corporation declare for its preferred stock?

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

When is the payment date for the preferred stock dividend?

The preferred stock dividend will be payable on July 1, 2022.