Agree Realty Increases Monthly Dividends for Investors
Agree Realty Enhances Monthly Dividend Payments
Agree Realty Corporation (NYSE: ADC) has made a significant announcement regarding its monthly cash dividends that has excited investors. The Board of Directors has recently authorized a cash dividend of $0.250 per common share. This new payout represents an annualized dividend amount of $3.00, marking a 2.9% increase compared to last year's annualized dividend.
Strong Financial Position Reflected in Dividend Increase
The recent dividend declaration showcases Agree Realty's commitment to delivering value to its shareholders. The Board of Directors’ decision reflects their confidence in the company's strong financial performance and strategic growth initiatives. Shareholders should note that the upcoming dividend will be payable on a specified date to those on record by the end of business on the designated cutoff date.
Details on the Common Share Dividend
The monthly cash dividend of $0.250 per common share is a step forward for Agree Realty, emphasizing its sustained growth trajectory. This increase from the previous year's payout is an indicator of the company's commitment to rewarding its investors continuously. Shareholders eager to see these benefits will receive this dividend shortly, reinforcing their confidence in Agree Realty's performance.
Preferred Shareholders Also Benefit
In addition to the common share payout, Agree Realty has also declared a monthly cash dividend for its 4.25% Series A Cumulative Redeemable Preferred Stock. Shareholders will receive $0.08854 per depositary share, equating to an annualized amount of $1.0625. This dividend further demonstrates the company's dedication to returning value to all sections of its investor base.
About Agree Realty Corporation
Agree Realty Corporation is recognized as a leading real estate investment trust that is redefining the retail landscape. The company specializes in acquiring and developing properties that are net leased to top-tier, omni-channel retail tenants. As of the last update, the company proudly operated a significant portfolio comprising 2,202 properties distributed across 49 states. This impressive portfolio collectively offers approximately 45.8 million square feet of gross leasable area.
A Commitment to Retail Innovation
Agree Realty is committed to rethinking how retail operates in the current market landscape. By adapting to the evolving preferences of consumers and embracing innovative retail concepts, Agree Realty continues to position itself at the forefront of the retail real estate sector. Their focus on quality tenants and prime locations assures investors of the stability and growth potential of their investments.
Frequently Asked Questions
What is the new monthly dividend declared by Agree Realty?
The newly declared monthly cash dividend for common shares is $0.250, reflecting an annualized amount of $3.00.
How does the new dividend compare to previous payments?
This new dividend represents a 2.9% increase over last year's annualized dividend, demonstrating the company's growth.
What is the payout date for the common share dividend?
The dividend is payable to stockholders of record as of the specified cutoff date, enhancing owner confidence.
Is there a dividend for preferred shareholders?
Yes, preferred shareholders will receive a monthly cash dividend of $0.08854 per depositary share, aligning with the company’s commitment to returning value.
Where can I find more information about Agree Realty?
For additional details about Agree Realty's operations and investments, you can visit the company's official website.
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