Agree Realty Declares Increased Monthly Common Dividend

Rhea-AI Summary

Agree Realty (NYSE: ADC) has announced an increase in its monthly cash dividend to $0.256 per common share, marking a 1.2% month-over-month increase. The new dividend represents an annualized amount of $3.072 per common share, a 2.4% rise from the previous $3.00 per common share in Q2 2024.

The common share dividend will be payable on May 14, 2025, to stockholders of record as of April 30, 2025. Additionally, the company declared a monthly cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually, payable May 1, 2025, to stockholders of record as of April 21, 2025.

Positive

• Monthly dividend increased by 1.2% to $0.256 per common share
• Annualized dividend grew 2.4% year-over-year to $3.072
• Consistent dividend payment schedule maintained for both common and preferred shares

Negative

• Dividend growth rate of 2.4% trails current inflation rates

News Market Reaction

+2.69%

1 alert

+2.69% News Effect

On the day this news was published, ADC gained 2.69%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Increase Results in 2.4% Year-Over-Year Growth

ROYAL OAK, Mich., April 10, 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 $0.256 per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.072 per common share, representing a 2.4% increase over the annualized dividend amount of $3.00 per common share from the second quarter of 2024. The dividend is payable May 14, 2025 to stockholders of record at the close of business on April 30, 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 May 1, 2025 to stockholders of record at the close of business on April 21, 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

FAQ

What is the new monthly dividend amount for Agree Realty (ADC) common shares?

Agree Realty's new monthly dividend is $0.256 per common share, representing a 1.2% month-over-month increase.

When will ADC's increased dividend be paid to shareholders?

The dividend will be paid on May 14, 2025, to stockholders of record as of April 30, 2025.

How much has Agree Realty's dividend increased year-over-year?

ADC's annualized dividend increased by 2.4% year-over-year, from $3.00 to $3.072 per common share.

What is the dividend rate for ADC's Series A Preferred Stock?

The Series A Preferred Stock pays $0.08854 per depositary share monthly, equivalent to $1.0625 annually.

What is the new annualized dividend amount for Agree Realty common shares?

The new annualized dividend amount is $3.072 per common share.