Agree Realty Corporation Announces New Monthly Dividend Payments for Investors
On January 14, 2025, Agree Realty Corporation, listed on the NYSE under the ticker symbol ADC, made an important announcement regarding its monthly dividend payments. The Board of Directors sanctioned a monthly cash dividend of $0.253 per common share. This move marks a calculated increase from the previous dividend amount of $2.964 per share recorded during the first quarter of 2024, reflecting a growth rate of 2.4%. For shareholders, this translates into an annualized dividend amount of $3.036 per share. This payment is set to be disbursed on February 14, 2025, to all stockholders whose names appear on the record by January 31, 2025.
In addition to the common stock dividends, the Board has also given the green light for a monthly cash dividend pertaining to its 4.25% Series A Cumulative Redeemable Preferred Stock. This dividend is set at $0.08854 per depositary share, which equates to an annual yield of $1.0625. Shareholders holding the preferred stock will see this dividend in their accounts on February 3, 2025, provided they are recorded as shareholders by January 24, 2025.
Agree Realty Corporation is recognized as a publicly traded real estate investment trust, laying emphasis on the strategic acquisition and development of properties that are net leased to top-tier omni-channel retail tenants. As of the end of 2024, the company boasted a robust portfolio comprising 2,370 properties spanning all 50 states and a cumulative gross leasable area of approximately 48.8 million square feet. This significant real estate footprint plays a vital role in the company’s business model and its commitment to RETHINKING RETAIL, effectively redefining retail experiences in modern commerce.
The steadfast dividend strategy and the increase in returns on both common and preferred stocks exemplify the management's commitment to delivering value to its investors while sustaining growth and profitability across its extensive property holdings. The innovative approach taken by Agree Realty indicates a promising outlook in the evolving retail landscape that is rapidly adapting to shifts in market trends.
For more insights about the company and its ongoing strategies in diversifying and enhancing its retail offerings, stakeholders can visit Agree Realty's official website. Here, investors and potential partners can learn more about the initiatives and future plans set forth by the corporation as it continues navigating the dynamic real estate sector in the U.S.
In summary, Agree Realty Corporation is not merely focused on maintaining its dividend payments but is strategically positioning itself to enhance shareholder value through increased distributions and responsible property management. With ongoing investments and a keen focus on retail trends, shareholders can expect continued growth in both their dividends and the overall performance of the company.
In addition to the common stock dividends, the Board has also given the green light for a monthly cash dividend pertaining to its 4.25% Series A Cumulative Redeemable Preferred Stock. This dividend is set at $0.08854 per depositary share, which equates to an annual yield of $1.0625. Shareholders holding the preferred stock will see this dividend in their accounts on February 3, 2025, provided they are recorded as shareholders by January 24, 2025.
Agree Realty Corporation is recognized as a publicly traded real estate investment trust, laying emphasis on the strategic acquisition and development of properties that are net leased to top-tier omni-channel retail tenants. As of the end of 2024, the company boasted a robust portfolio comprising 2,370 properties spanning all 50 states and a cumulative gross leasable area of approximately 48.8 million square feet. This significant real estate footprint plays a vital role in the company’s business model and its commitment to RETHINKING RETAIL, effectively redefining retail experiences in modern commerce.
The steadfast dividend strategy and the increase in returns on both common and preferred stocks exemplify the management's commitment to delivering value to its investors while sustaining growth and profitability across its extensive property holdings. The innovative approach taken by Agree Realty indicates a promising outlook in the evolving retail landscape that is rapidly adapting to shifts in market trends.
For more insights about the company and its ongoing strategies in diversifying and enhancing its retail offerings, stakeholders can visit Agree Realty's official website. Here, investors and potential partners can learn more about the initiatives and future plans set forth by the corporation as it continues navigating the dynamic real estate sector in the U.S.
In summary, Agree Realty Corporation is not merely focused on maintaining its dividend payments but is strategically positioning itself to enhance shareholder value through increased distributions and responsible property management. With ongoing investments and a keen focus on retail trends, shareholders can expect continued growth in both their dividends and the overall performance of the company.
Topics Financial Services & Investing）
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