Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty (NYSE: ADC) has announced two dividend declarations approved by its Board of Directors. The company declared a monthly cash dividend of $0.253 per common share, representing an annualized dividend of $3.036 per common share. This marks a 2.4% increase from the previous quarter's annualized dividend of $2.964.

The common share dividend will be paid on April 14, 2025, to stockholders of record as of March 31, 2025. Additionally, ADC 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 April 1, 2025, to stockholders of record as of March 21, 2025.

Positive

• 2.4% increase in common share dividend
• Consistent monthly dividend payments maintained
• Both common and preferred dividends declared, showing financial stability

Negative

• None.

ROYAL OAK, Mich., March 11, 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 April 14, 2025 to stockholders of record at the close of business on March 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 April 1, 2025 to stockholders of record at the close of business on March 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 ADC common shares in 2025?

Agree Realty's new monthly dividend is $0.253 per common share, payable April 14, 2025.

How much did ADC increase its dividend compared to Q1 2024?

ADC increased its annualized dividend by 2.4%, from $2.964 to $3.036 per common share.

When is the record date for ADC's common share dividend?

The record date for ADC's common share dividend is March 31, 2025.

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

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