tiprankstipranks
Agree Realty Declares Monthly Common and Preferred Dividends
Press Releases

Agree Realty Declares Monthly Common and Preferred Dividends

BLOOMFIELD HILLS, Mich., Jan. 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 $0.240 per common share. The monthly dividend reflects an annualized dividend amount of $2.880 per common share, representing a 5.7% increase over the annualized dividend amount of $2.724 per common share from the first quarter of 2022. The dividend is payable February 14, 2023 to stockholders of record at the close of business on January 31, 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 February 1, 2023 to stockholders of record at the close of business on January 23, 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 December 31, 2022, the Company owned and operated a portfolio of 1,839 properties, located in all 48 continental states and containing approximately 38.1 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/agree-realty-declares-monthly-common-and-preferred-dividends-301718217.html

SOURCE Agree Realty Corporation

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles