Agree Realty Declares Monthly Common and Preferred Dividends

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has announced monthly dividend declarations for both common and preferred shares. The company's Board approved a monthly cash dividend of $0.256 per common share, representing an annualized dividend of $3.072 per share. This marks a 2.4% increase from the previous annualized dividend of $3.00 per share in Q2 2024. The common share dividend will be paid on July 15, 2025, to stockholders of record as of June 30, 2025. 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, payable July 1, 2025, to stockholders of record as of June 20, 2025.

Positive

• Monthly dividend increased by 2.4% year-over-year to an annualized rate of $3.072 per common share
• Company maintains consistent dividend payments for both common and preferred shareholders
• Regular monthly dividend structure provides steady income stream for investors

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., June 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. 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 July 15, 2025 to stockholders of record at the close of business on June 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 July 1, 2025 to stockholders of record at the close of business on June 20, 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 Agree Realty's (ADC) new monthly dividend per common share?

Agree Realty's new monthly dividend is $0.256 per common share, equivalent to $3.072 annually.

When is ADC's July 2025 dividend payable?

The common share dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025.

How much did Agree Realty increase its dividend in 2025?

Agree Realty increased its annualized dividend by 2.4%, 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 dividend is $0.08854 per depositary share monthly, equivalent to $1.0625 annually.

What is the record date for ADC's preferred stock dividend?

The record date for the preferred stock dividend is June 20, 2025.