Agree Realty Declares Monthly Common and Preferred Dividends

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Agree Realty Corporation (NYSE: ADC) announced a 2.9% increase in its monthly cash dividend to $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share. The Company also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, equivalent to $1.0625 per annum.

ROYAL OAK, Mich., Dec. 12, 2023 /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 $0.247 per common share. The monthly dividend reflects an annualized dividend amount of $2.964 per common share, representing a 2.9% increase over the annualized dividend amount of $2.880 per common share from the fourth quarter of 2022. The dividend is payable January 16, 2024 to stockholders of record at the close of business on December 29, 2023.

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 2, 2024 to stockholders of record at the close of business on December 22, 2023.

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, 2023, the Company owned and operated a portfolio of 2,084 properties, located in 49 states and containing approximately 43.2 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 latest dividend amount announced by Agree Realty Corporation (NYSE: ADC)?

Agree Realty Corporation (NYSE: ADC) announced a monthly cash dividend of $0.247 per common share, reflecting an annualized dividend amount of $2.964 per common share.

When is the dividend payable to stockholders of Agree Realty Corporation (NYSE: ADC)?

The dividend is payable on January 16, 2024, to stockholders of record at the close of business on December 29, 2023.

What is the dividend amount for the 4.25% Series A Cumulative Redeemable Preferred Stock of Agree Realty Corporation (NYSE: ADC)?

The Company declared a monthly cash dividend of $0.08854 per depositary share, equivalent to $1.0625 per annum, payable on January 2, 2024, to stockholders of record at the close of business on December 22, 2023.