Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared its monthly dividends for both common and preferred shares. The company announced a monthly cash dividend of $0.256 per common share, representing an annualized dividend of $3.072. This reflects a 2.4% increase from the previous annualized dividend of $3.00 in Q2 2024.

Additionally, ADC declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually. The common share dividend will be paid on June 13, 2025, while the preferred share dividend is payable on June 2, 2025.

Positive

• 2.4% increase in annualized common share dividend from $3.00 to $3.072
• Consistent monthly dividend payments demonstrate strong cash flow and commitment to shareholder returns
• Company maintains both common and preferred dividend distributions, indicating financial stability

Negative

• None.

News Market Reaction

-0.69%

1 alert

-0.69% News Effect

On the day this news was published, ADC declined 0.69%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROYAL OAK, Mich., May 13, 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. 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 June 13, 2025 to stockholders of record at the close of business on May 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 June 2, 2025 to stockholders of record at the close of business on May 23, 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 March 31, 2025, the Company owned and operated a portfolio of 2,422 properties, located in all 50 states and containing approximately 50.3 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 ADC's new monthly dividend per common share for 2025?

Agree Realty's new monthly dividend is $0.256 per common share, which equals an annualized dividend of $3.072.

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

Agree Realty increased its annualized dividend by 2.4%, from $3.00 to $3.072 per common share compared to Q2 2024.

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

The common share dividend is payable on June 13, 2025, to stockholders of record as of May 30, 2025.

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

ADC's 4.25% Series A Preferred Stock pays a monthly dividend of $0.08854 per depositary share, equivalent to $1.0625 annually.