Agree Realty Corporation Announces Monthly Dividend Increase
Agree Realty Corporation (NYSE: ADC) has taken a significant step towards enhancing its shareholder value by declaring a monthly cash dividend. This decision reflects the company's ongoing commitment to its investors and the overall growth strategy it is implementing. The Board of Directors has authorized this positive move, increasing the monthly cash dividend to $0.253 per common share.
Details of the Dividend Declaration
The latest monthly dividend translates to an annualized amount of $3.036 per common share, marking a notable 2.4% increase over the previous year's dividend of $2.964 per share. This increase is particularly encouraging for current and potential investors, as it signals the company's strong financial health and robust business performance.
Payment Schedule and Record Dates
This dividend will be payable to shareholders on April 14, 2025, to those registered as of the close of business on March 31, 2025. This timeline provides shareholders with clear expectations regarding their investment returns.
Preferred Stock Dividend Announcement
In addition to the increase in the common stock dividend, Agree Realty Corporation has also declared a cash dividend for its 4.25% Series A Cumulative Redeemable Preferred Stock. Investors can expect a payment of $0.08854 per depositary share, which equals an annual rate of $1.0625. This dividend is scheduled for payment on April 1, 2025, for shareholders of record as of March 21, 2025.
About Agree Realty Corporation
Agree Realty Corporation operates as a publicly traded real estate investment trust (REIT), focusing on the acquisition and development of properties that are net leased to top-tier, omni-channel retail tenants. The company has established itself as a leader in the retail real estate sector, and as of December 31, 2024, it managed a vast and diversified portfolio consisting of 2,370 properties across all 50 states. These properties encompass approximately 48.8 million square feet of gross leasable area, indicating strong market presence and investment security.
Commitment to Investors
With its common stock listed on the New York Stock Exchange under the symbol "ADC", Agree Realty Corporation maintains a commitment to delivering steady returns to its investors. The recent dividend announcements not only reflect the company’s operational success but also its dedication to enhancing shareholder value amidst a competitive industry landscape.
Frequently Asked Questions
What is the amount of the dividend declared by Agree Realty Corporation?
The company has declared a monthly cash dividend of $0.253 per common share.
When will the dividends be paid?
The dividend for common stock will be paid on April 14, 2025, and for preferred stock on April 1, 2025.
What is the annualized dividend amount for the common stock?
The annualized dividend amount for the common stock is $3.036 per share.
How many properties does Agree Realty Corporation own?
The company owns and operates a portfolio of 2,370 properties across all 50 states.
Where can I find more information about Agree Realty Corporation?
For additional details, please visit the company’s official website.
