#USA #dividend increase #Agree Realty #Royal Oak, Michigan #NYSE ADC

Agree Realty Corporation Announces Increased Monthly Common Dividend

In a significant move to enhance shareholder value, Agree Realty Corporation (NYSE: ADC) has recently declared a monthly cash dividend of $0.256 per common share. This declaration, authorized by the company's Board of Directors, marks a 1.2% increase from last month.

This adjustment leads to an annualized dividend total of $3.072 per common share, representing a 2.4% year-over-year growth compared to last year's annualized dividend of $3.00 per share observed in the second quarter of 2024.

The new dividend is set to be paid out on May 14, 2025, to shareholders recorded at the close of business on April 30, 2025. In addition to this, the company also announced a dividend for its 4.25% Series A Cumulative Redeemable Preferred Stock, amounting to $0.08854 per depositary share, which is equivalent to $1.0625 annually. This will be payable on May 1, 2025, to stockholders who are on record as of April 21, 2025.

About Agree Realty Corporation

Agree Realty Corporation is more than just a real estate investment trust; it is redefining the retail landscape by acquiring and developing properties that are net leased to leading omni-channel retail tenants. As of December 31, 2024, the company boasts an extensive portfolio of 2,370 properties across all 50 states, encompassing approximately 48.8 million square feet of gross leasable area.

The significance of this recent dividend increase lies not only in the numbers, but also in how it reflects the company's overall performance and commitment to returning value to its shareholders. With a consistent record of dividend growth, Agree Realty continues to demonstrate fiscal responsibility and strategic planning in a competitive market.

Investors consistently analyze dividends as a key indicator of a company's financial health and stability. By raising its dividend, Agree Realty signals its confidence in current earnings and future growth. The company's dedication to maintaining a robust dividend payout amidst the changing retail environment speaks volumes about its business strategy and stakeholder alignment.

For additional insights about the company's operations and ethos, one can visit Agree Realty's website. Here, potential investors can learn more about their initiatives, recent developments, and more detailed company performance metrics.

In conclusion, Agree Realty's declaration of a higher cash dividend is a proactive step toward sustaining investor confidence and supporting the company's ongoing growth trajectory. As they continue to evolve in the retail sector, such actions may not only enhance their reputation but also solidify their position as a leading entity in the real estate investment landscape.