AGREE REALTY DECLARES MONTHLY COMMON AND PREFERRED DIVIDENDS

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from the previous year.

Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a monthly cash dividend of $0.227 per common share, reflecting an annualized increase of 9.7% from the previous year. The new annualized dividend amount is $2.724 per share, payable on February 14, 2022, to stockholders of record by January 31, 2022. Additionally, a dividend of $0.08854 per depositary share for the 4.25% Series A Preferred Stock has also been declared, payable on February 1, 2022, to stockholders of record by January 24, 2022.

Positive

• Monthly cash dividend of $0.227 per common share declared.
• 9.7% increase in annualized dividend amount to $2.724.
• Confirms ongoing commitment to returning value to shareholders.

Negative

• None.

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BLOOMFIELD HILLS, Mich., Jan. 13, 2022 /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 $0.227 per common share. The monthly dividend reflects an annualized dividend amount of $2.724 per common share, representing a 9.7% increase over the annualized dividend amount of $2.484 per common share from the first quarter of 2021. The dividend is payable February 14, 2022 to stockholders of record at the close of business on January 31, 2022.                                   

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 1, 2022 to stockholders of record at the close of business on January 24, 2022.

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, 2021, the Company owned and operated a portfolio of 1,404 properties, located in 47 states and containing approximately 29.1 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

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What is the dividend amount declared by Agree Realty Corporation?

Agree Realty Corporation declared a monthly cash dividend of $0.227 per common share.

When is the dividend payable for ADC stock?

The dividend is payable on February 14, 2022.

What is the annualized dividend amount for Agree Realty Corporation?

The annualized dividend amount is $2.724 per common share.

When is the record date for the ADC dividend?

The record date for the dividend is January 31, 2022.

What is the dividend for the Series A Preferred Stock?

The dividend for the 4.25% Series A Cumulative Redeemable Preferred Stock is $0.08854 per depositary share.

When will the Series A Preferred Stock dividend be paid?

The Series A Preferred Stock dividend will be paid on February 1, 2022.