Increase Results in 2.4% Year-Over-Year Growth and Annualized
Dividend of $3.036 Per Share
ROYAL
OAK, Mich., Oct. 10,
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 $0.253 per common share,
representing a 1.2% month-over-month increase. 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 fourth quarter
of 2023. The dividend is payable November
14, 2024 to stockholders of record at the close of business
on October 31, 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 November 1, 2024
to stockholders of record at the close of business on October 22, 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 June 30, 2024, the Company owned and operated a
portfolio of 2,202 properties, located in 49 states and containing
approximately 45.8 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