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 9.8% increase from the previous year's annualized dividend of $2.480. The dividend is set for payment on January 14, 2022, to stockholders of record as of December 31, 2021. Additionally, the Company announced a monthly cash dividend of $0.08854 per share on its 4.25% Series A Preferred Stock, payable on January 3, 2022, to stockholders of record by December 23, 2021.

Positive

• Monthly dividend increase to $0.227 per common share, a 9.8% rise.
• Commitment to shareholder returns demonstrated through consistent dividend payments.

Negative

• None.

BLOOMFIELD HILLS, Mich., Dec. 13, 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 January 14, 2022 to stockholders of record at the close of business on December 31, 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 January 3, 2022 to stockholders of record at the close of business on December 23, 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 for January 2022?

The dividend amount for January 2022 is $0.227 per common share.

When will the dividend be paid to shareholders of Agree Realty Corporation?

The dividend will be paid on January 14, 2022.

What is the annualized dividend increase amount for Agree Realty Corporation?

The annualized dividend has increased to $2.724 per common share from $2.480.

What is the dividend amount for Agree Realty's Series A Preferred Stock?

The dividend for the Series A Preferred Stock is $0.08854 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on January 3, 2022.