#United States #dividends #ADC #Agree Realty #Royal Oak

Agree Realty Corporation Increases Monthly Dividends

Agree Realty Corporation, a prominent name in the real estate investment trust sector, has officially announced an increment in its monthly common stock dividends. This comes as a refreshing update for investors looking for stable returns in uncertain economic times.

On December 12, 2024, the Board of Directors of Agree Realty authorized a monthly distribution of $0.253 per common share. This decision reflects an increase from the previous amount, pushing the annualized dividend to $3.036 per common share, which shows a modest rise of 2.4% from the fourth quarter dividends of $2.964 reported in the previous year. This monthly dividend is set to be payable to shareholders of record on January 15, 2025, who are recorded at the close of business on December 31, 2024.

In addition to the common shares, the Board has also approved a monthly cash dividend for their 4.25% Series A Cumulative Redeemable Preferred Stock. The established dividend for this category stands at $0.08854 per depositary share, equating to $1.0625 annually. The payment for this preferred stock dividend will be made on January 2, 2025, with shareholders of record being noted at the close of business on December 23, 2024.

About Agree Realty Corporation

Agree Realty Corporation is known for its innovative approach in RETHINKING RETAIL through strategic acquisitions and development of properties that are under net leases to leading omni-channel retail tenants. As of September 30, 2024, the company boasts an impressive portfolio of 2,271 properties spread across 49 states, encompassing approximately 47.2 million square feet of gross leasable area. Its common stock is publicly traded on the New York Stock Exchange, identified by the symbol ADC. For further details about their operations and strategic initiatives, visitors can explore their website at www.agreerealty.com.

This recent move to increase dividends reflects the company's ongoing commitment to providing value to its shareholders while maintaining a robust operational strategy in a competitive market. Stakeholders and potential investors alike are encouraged to recognize these developments as signs of strength within the company's financial framework and market position. The steady increase, albeit modest, symbolizes growth and resilience, instrumental qualities for any investor considering future interactions or investments with Agree Realty Corporation.