ROYAL
OAK, Mich., Dec. 12,
2023 /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 $0.247 per common share.
The monthly dividend reflects an annualized dividend amount of
$2.964 per common share, representing
a 2.9% increase over the annualized dividend amount of $2.880 per common share from the fourth quarter
of 2022. The dividend is payable January 16,
2024 to stockholders of record at the close of business on
December 29, 2023.
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 January 2, 2024
to stockholders of record at the close of business on December 22, 2023.
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 September 30, 2023, the Company owned and
operated a portfolio of 2,084 properties, located in 49 states and
containing approximately 43.2 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