Agree Realty Corporation (NYSE: ADC) has recently announced that its Board of Directors has approved a monthly cash dividend of $0.250 per common share. This monthly dividend represents an annual dividend rate of $3.00 per common share, a 2.9% increase from the annual dividend rate of $2.916 per common share for the third quarter of 2023. The dividends will be paid on August 14, 2024, to shareholders of record as of the close of business on July 31, 2024.
About Agree Realty Corporation Stocks
Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust (REIT) that is reimagining retail by acquiring and developing properties leased to industry-leading omnichannel retail tenants. As of March 31, 2024, the company owned and operated a portfolio of 2,161 properties located in 49 states, with a total leasable area of approximately 44.9 million square feet. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the ticker symbol “ADC”.
Preferred Stock Dividends
In addition to the common stock dividends, the Board of Directors has also approved, and the company has declared, a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depository share, equivalent to $1.0625 per year. The dividends will be paid on August 1, 2024, to shareholders of record as of the close of business on July 22, 2024.
Why Invest in Agree Realty Corporation Stocks?
Investing in Agree Realty Corporation stocks offers a robust opportunity, particularly for those interested in the US stocks market. The company’s consistent dividend payments and strategic focus on high-quality retail properties make it an attractive choice for investors seeking reliable returns and exposure to the real estate sector.
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