BLOOMFIELD HILLS, Mich., June 14,
2022 /PRNewswire/ -- Agree Realty Corporation (NYSE:
ADC) (the "Company") today announced that its Board of Directors
has authorized, and the Company has declared, a monthly cash
dividend of $0.234 per common share.
The monthly dividend reflects an annualized dividend amount of
$2.808 per common share, representing
a 7.8% increase over the annualized dividend amount of $2.604 per common share from the second quarter
of 2021. The dividend is payable July 14,
2022 to stockholders of record at the close of business on
June 30, 2022.
Additionally, the Company's Board of Directors has authorized,
and the Company has declared, a monthly cash dividend on its 4.25%
Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is
equivalent to $1.0625 per annum. The
dividend is payable July 1, 2022 to
stockholders of record at the close of business on June 24, 2022.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate
investment trust that is
RETHINKING RETAIL through the acquisition
and development of properties net leased to industry-leading,
omni-channel retail tenants. As of March 31,
2022, the Company owned and operated a portfolio of 1,510
properties, located in 47 states and containing approximately 31.0
million square feet of gross leasable area. The Company's common
stock is listed on the New York Stock Exchange under the symbol
"ADC". For additional information on the Company and
RETHINKING RETAIL, please visit
www.agreerealty.com.
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SOURCE Agree Realty Corporation