ROYAL OAK, Mich.,
Feb. 8,
2024 /PRNewswire/ -- Agree Realty Corporation
(NYSE: ADC) (the "Company") today announced that its Board of
Directors has authorized, and the Company has declared, a monthly
cash dividend of $0.247 per common
share. The monthly dividend reflects an annualized dividend amount
of $2.964 per common share,
representing a 2.9% increase over the annualized dividend amount of
$2.880 per common share from the
first quarter of 2023. The dividend is payable March 14, 2024 to stockholders of record at the
close of business on February 29,
2024.
Additionally, the Company's Board of Directors has authorized,
and the Company has declared, a monthly cash dividend on its 4.25%
Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is
equivalent to $1.0625 per annum. The
dividend is payable March 1, 2024 to
stockholders of record at the close of business on February 20, 2024.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate
investment trust that is RETHINKING RETAIL
through the acquisition and development of properties net leased to
industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated
a portfolio of 2,135 properties, located in 49 states and
containing approximately 44.2 million square feet of gross leasable
area. The Company's common stock is listed on the New York Stock
Exchange under the symbol "ADC". For additional information on the
Company and RETHINKING RETAIL, please
visit www.agreerealty.com.
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SOURCE Agree Realty Corporation