Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty (NYSE: ADC) has announced two dividend declarations. The company's Board approved a monthly common share dividend of $0.253, representing an annualized amount of $3.036 per share. This marks a 2.4% increase from the previous annualized dividend of $2.964 per share in Q1 2024.

The common share dividend will be paid on February 14, 2025, to stockholders of record as of January 31, 2025. Additionally, the company declared a monthly dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually, payable February 3, 2025, to stockholders of record as of January 24, 2025.

Positive

• 2.4% increase in annualized common dividend from $2.964 to $3.036
• Consistent dividend payment schedule maintained for both common and preferred shares
• Company demonstrates financial stability through dividend growth

Negative

• None.

News Market Reaction

+0.08%

1 alert

+0.08% News Effect

On the day this news was published, ADC gained 0.08%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROYAL OAK, Mich., Jan. 14, 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 February 14, 2025 to stockholders of record at the close of business on January 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 February 3, 2025 to stockholders of record at the close of business on January 24, 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 February 2025?

Agree Realty's new monthly dividend is $0.253 per common share, payable February 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) February 2025 common dividend?

The record date for ADC's February 2025 common dividend is January 31, 2025.

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

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

When will Agree Realty (ADC) pay its preferred stock dividend for February 2025?

The preferred stock dividend will be paid on February 3, 2025, to stockholders of record as of January 24, 2025.