ROYAL OAK,
Mich., Jan. 14, 2025 /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 $0.253 per
common share. The monthly dividend reflects an annualized dividend
amount of $3.036 per common share,
representing a 2.4% increase over the annualized dividend amount of
$2.964 per common share from the
first quarter of 2024. The dividend is payable February 14, 2025 to stockholders of record at
the close of business on January 31,
2025.
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 February 3, 2025
to stockholders of record at the close of business on January 24, 2025.
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, 2024, the Company owned and operated
a portfolio of 2,370 properties, located in all 50 states and
containing approximately 48.8 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