Agree Realty Declares Quarterly Cash Dividend

Agree Realty Corporation (NYSE: ADC) has declared a quarterly cash dividend of $0.60 per share, representing a 5.3% increase from the previous year.

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Rhea-AI Summary

Agree Realty Corporation (NYSE: ADC) has declared a quarterly cash dividend of $0.60 per share, representing a 5.3% increase from the previous year. This marks the 106th consecutive dividend and will be paid on October 9, 2020, to shareholders of record by September 25, 2020. As of June 30, 2020, the company operated a portfolio of 936 properties across 46 states with approximately 18.4 million square feet of gross leasable space.

Positive

Quarterly cash dividend increased by 5.3%.
106 consecutive dividends signify stable income for shareholders.

Negative

None.

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News Market Reaction – ADC

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09/09/2020 - 04:05 PM EDT

BLOOMFIELD HILLS, Mich., Sept. 9, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.60 per common share. This is the Company's 106^th consecutive cash dividend and represents a 5.3% increase over the quarterly dividend declared in the third quarter of 2019. The dividend is payable October 9, 2020 to shareholders of record at the close of business on September 25, 2020.

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of June 30, 2020, the Company owned and operated a portfolio of 936 properties, located in 46 states and containing approximately 18.4 million square feet of gross leasable space. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC". For additional information, 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 quarterly cash dividend of $0.60 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 9, 2020.

What was the percentage increase in the dividend compared to last year?

The dividend increased by 5.3% compared to the third quarter of 2019.

When is the record date for the dividend?

The record date for the dividend is September 25, 2020.

How many properties does Agree Realty Corporation own?

Agree Realty Corporation owns a portfolio of 936 properties.

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