Agree Realty Increases Monthly Dividend for Shareholders
Agree Realty's Monthly Dividend Increase Announcement
Agree Realty Corporation (NYSE: ADC) has unveiled an impressive increase in its monthly cash dividend, illustrating the company's steadfast commitment to rewarding its shareholders. This new announcement signifies a remarkable 1.2% rise compared to last month, showcasing the company’s focus on continuous growth and shareholder satisfaction.
Details of the Dividend Increase
The Board of Directors at Agree Realty has officially declared a monthly cash dividend of $0.253 per common share. This translates to an impressive annualized dividend of $3.036 per share, marking a solid 2.4% increase from the previous annualized figure of $2.964 per share.
Payment Schedule for Shareholders
This monthly dividend will be payable to stockholders of record on the date indicated, ensuring that those who invest in Agree Realty can rely on consistent returns. Shareholders can look forward to receiving the dividend on November 14, reinforcing the company’s dedication to maintaining shareholder trust and relationship.
Preferred Stock Dividend Announcement
Insights on the Company
Agree Realty Corporation has built a robust reputation in the real estate investment sector by acquiring and developing properties that are net leased to leading omni-channel retail tenants. As of mid-2024, the company boasted a diverse portfolio encompassing 2,202 properties that span across numerous states, offering approximately 45.8 million square feet of leased space. The resilience and strategic foresight demonstrated by Agree Realty have solidified its standing as a significant player in the retail real estate market.
Focus on Innovation in Retail Real Estate
Agree Realty continues to embrace innovation in the retail landscape, working tirelessly to adapt to changing market conditions and consumer behaviors. Their approach is not merely about maintaining properties but actively rethinking retail experiences to align with modern trends. As the retail environment evolves, the company remains committed to ensuring that their offerings meet both tenant and consumer needs.
Continued Growth and Commitment
Looking forward, Agree Realty is poised for further growth. The increases in dividends are just one indicator of the company’s strong financial health and its potential for future success. Investors are encouraged to monitor these developments as they reflect Agree Realty's strategy and performance in a competitive market.
Frequently Asked Questions
What is the new monthly dividend amount declared by Agree Realty?
The new monthly cash dividend is $0.253 per common share, representing a 1.2% increase.
When will the dividend be paid?
The dividend is set to be paid on November 14 to shareholders of record at the close of business on October 31.
How much is the annualized dividend now?
The annualized dividend amount for the common stock is now $3.036 per share.
What does Agree Realty specialize in?
Agree Realty focuses on acquiring and developing properties net leased to leading omni-channel retail tenants.
How many properties does Agree Realty manage?
As of June 30, 2024, Agree Realty manages a portfolio of 2,202 properties across multiple states.
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