Agree Realty Corporation
11/11/2021 | Press release | Distributed by Public on 11/11/2021 15:12
Agree Realty Declares Monthly Common and Preferred Dividends
BLOOMFIELD HILLS, Mich., Nov. 11, 2021/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 $0.227per common share. The monthly dividend reflects an annualized dividend amount of $2.724per common share, representing a 9.8% increase over the annualized dividend amount of $2.480per common share from the fourth quarter of 2020. The dividend is payable December 14, 2021to stockholders of record at the close of business on November 30, 2021.
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 $0.08854per depositary share, which is equivalent to $1.0625per annum. The dividend is payable December 1, 2021to stockholders of record at the close of business on November 22, 2021.
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 September 30, 2021, the Company owned and operated a portfolio of 1,338 properties, located in 47 states and containing approximately 27.7 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.
SOURCE Agree Realty Corporation