ROYAL
OAK, Mich., May 14, 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 $0.250 per common share. The
monthly dividend reflects an annualized dividend amount of
$3.00 per common share, representing
a 2.9% increase over the annualized dividend amount of $2.916 per common share from the second quarter
of 2023. The dividend is payable June 14,
2024 to stockholders of record at the close of business on
May 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 June 3, 2024 to
stockholders of record at the close of business on May 24, 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 March 31, 2024, the Company owned and operated a
portfolio of 2,161 properties, located in 49 states and containing
approximately 44.9 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