Monthly Dividend Announcement by Agree Realty Corporation
Agree Realty Corporation (NYSE: ADC) has made an announcement regarding its latest financial rewards for shareholders. The Company has declared a monthly cash dividend of $0.256 per share for its common shares. This development signifies a yearly dividend total of $3.072, reflecting a notable 2.4% increase from the previous year’s annual dividend of $3.00. This enhancement highlights the Company’s commitment to returning value to its stakeholders.
Details of the Upcoming Dividends
The dividend will be disbursed on June 13, 2025, to shareholders who are on record as of May 30, 2025. This timely distribution is a part of Agree Realty's ongoing effort to ensure that its loyal investors benefit from the growth and stability of the Company.
In addition to the common stock dividends, the Board has also declared a dividend for its 4.25% Series A Cumulative Redeemable Preferred Stock. This dividend amounts to $0.08854 per depositary share and corresponds to an annual figure of $1.0625. Shareholders will receive this payment on June 2, 2025, if they are registered by the close of business on May 23, 2025.
About Agree Realty Corporation
Agree Realty Corporation is a distinguished publicly traded real estate investment trust (REIT) that focuses on the acquisition and development of retail properties leased to industry-leading tenants. As of the end of the first quarter, the Company managed a diverse portfolio consisting of 2,422 properties situated across all 50 states, encompassing approximately 50.3 million square feet of gross leasable space.
The strategic vision of Agree Realty involves redefining the retail landscape through their innovative approach. The Company's common stock is actively traded on the New York Stock Exchange, identified with the ticker symbol 'ADC'. Clients and investors interested in learning more about the Company and its initiatives are encouraged to explore further information through their official website.
Future Prospects and Investor Commitment
With a commitment to driving growth, Agree Realty continues to focus on expanding its portfolio and enhancing shareholder value. The consistent increase in dividends indicates not only a stable income for investors but also the Company’s confidence in its financial stability and long-term prospects.
Frequently Asked Questions
What is the common dividend amount declared by Agree Realty?
The Company declared a common dividend of $0.256 per share.
When will the dividends be paid?
The monthly common dividend will be paid on June 13, 2025, and the preferred dividend on June 2, 2025.
What is the significance of the dividend increase?
The 2.4% increase signifies the Company's growth and dedication to providing returns to its investors.
Where can I find more information about Agree Realty?
Additional information can be accessed through their official website.
How many properties does Agree Realty own?
The Company owns and manages a portfolio of 2,422 properties nationwide.
