Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty (NYSE: ADC) has announced two dividend declarations. The company's Board of Directors 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 annualized dividend of $2.964 per common share in Q1 2024. The common share dividend will be paid on March 14, 2025, to stockholders of record as of February 28, 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. This preferred dividend is payable March 3, 2025, to stockholders of record as of February 21, 2025.

Positive

• 2.4% increase in annualized common share dividend to $3.036
• Consistent monthly dividend payments maintained for both common and preferred shares

Negative

• None.

News Market Reaction

-0.25%

1 alert

-0.25% News Effect

On the day this news was published, ADC declined 0.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROYAL OAK, Mich., Feb. 6, 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 March 14, 2025 to stockholders of record at the close of business on February 28, 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 March 3, 2025 to stockholders of record at the close of business on February 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 Agree Realty's (ADC) new monthly dividend per common share for March 2025?

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

How much did Agree Realty (ADC) increase its annualized dividend in 2025?

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

When is the record date for Agree Realty's (ADC) March 2025 common share dividend?

The record date for ADC's March 2025 common share dividend is February 28, 2025.

What is the monthly dividend rate for Agree Realty's (ADC) Series A Preferred Stock?

The monthly dividend for ADC's 4.25% Series A Preferred Stock is $0.08854 per depositary share, equivalent to $1.0625 annually.