Agree Realty Corporation Increases Monthly Dividends for Shareholders

Agree Realty Corporation Declares Monthly Dividend

Agree Realty Corporation, known for its innovation in retail property investments, has made a significant announcement regarding its dividend distribution. The company has declared a monthly cash dividend of $0.253 per common share. This decision reflects the company’s commitment to delivering value to its shareholders while sustaining its growth trajectory.

Increased Annualized Dividend Highlights

This monthly dividend signifies an annualized dividend of $3.036 per share, marking a 2.4% increase from the previous rate of $2.964 per share. This increase underlines the company's robust financial health and its ability to provide consistent returns to its investors.

Payment Schedule for Common Shares

The upcoming dividend is to be paid on a specified date to stockholders who are on record by the specified cutoff. This planned distribution reassures investors of Agree Realty’s ongoing dedication to shareholder value enhancement.

Preferred Shares Dividend Declaration

In addition to the common share dividend, Agree Realty has also declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock. This figure corresponds to an annual amount of $1.0625 per share, further diversifying the income opportunities for investors.

Payment Timing for Preferred Shares

Similar to the common shares' payment, this dividend will be payable to stockholders of record by a specified date, illustrating the company's commitment to ongoing performance and reliability in dividend distributions.

About Agree Realty Corporation

Agree Realty Corporation stands out in the real estate investment trust sector for its visionary approach to retail property management. The firm is rethinking retail through a strategic focus on acquiring and developing net leased properties distributed across the country. As it aims to innovate in the retail space, the company boasts a wide array of holdings, totaling 2,271 properties. These locations span across various regions, encompassing approximately 47.2 million square feet in gross leasable area, underscoring its expansive market presence.

Strategic Vision for Future Growth

Looking ahead, Agree Realty Corporation's portfolio continues to adapt to the evolving retail landscape. The company actively partners with industry-leading omni-channel retail tenants, signaling a responsive strategy to changing consumer behaviors. Through these partnerships, Agree Realty not only enhances its property values but also strengthens its revenue stream, establishing a solid foundation for future growth.

Stock Performance and Market Position

With its common stock listed on the NYSE under the symbol 'ADC', the company strives for transparency and communication with its investors. The continued increase in dividends adheres to its goal of fostering trust and reliability in the market, making it a favorable option for investors seeking dividend income and growth.

Frequently Asked Questions

What is the latest dividend declared by Agree Realty Corporation?

The latest dividend declared is $0.253 per common share.

When will the dividends be paid?

The common share dividend is scheduled to be paid on December 13, 2024, to stockholders of record by November 29, 2024.

What does the increase in dividends signify?

The increase symbolizes a 2.4% rise in annualized dividends, reflecting the company's strong fiscal health.

How many properties does Agree Realty own?

Agree Realty owns and operates a portfolio of 2,271 properties across the nation.

What is the stock symbol for Agree Realty Corporation?

The stock symbol for Agree Realty Corporation is 'ADC' on the NYSE.

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