Le Lézard
Classified in: Business
Subject: DIV

Agree Realty Declares Monthly Common and Preferred Dividends


BLOOMFIELD HILLS, Mich., Sept. 17, 2021 /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 $0.217 per common share. The monthly dividend reflects an annualized dividend amount of $2.604 per common share, representing an 8.5% increase over the annualized dividend amount of $2.400 per common share from the third quarter of 2020. The common dividend is payable October 14, 2021 to stockholders of record at the close of business on September 30, 2021.  

Additionally, the Company's Board of Directors has authorized, and the Company has declared, a prorated monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.0413194 per depositary share. The inaugural preferred dividend payment is for less than a full month and covers the period from, and including, September 17, 2021 to, but excluding, October 1, 2021. The dividend is payable October 1, 2021 to stockholders of record at the close of business on September 27, 2021.                                                                                                                    

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 June 30, 2021, the Company owned and operated a portfolio of 1,262 properties, located in 46 states and containing approximately 26.1 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.

 

SOURCE Agree Realty Corporation


These press releases may also interest you

at 18:49
Sprout Mortgage is strengthening its robust line of automation tools for a fully digital mortgage experience with the release of its third originator-focused mortgage tool. Sprout will unveil iAnalyze, the first non-QM bank statement analyzer tool of...

at 18:30
Metaiye Media's award-winning blockchain technology allows fans to collect and store digital items and NFT's through a Crypto Mediatm Wallet. This innovative technology lets fans build status, accrue value, trade, and engage in the future of digital...

at 18:24
Great Panther Mining Limited ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, announces that it has entered into an At-the-Market Offering Agreement (the "ATM Agreement") of up to $25 million (the...

at 18:04
CSI Compressco LP ("CSI Compressco") announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended September 30, 2021 of $0.01 per outstanding common unit, or $0.04 per...

at 18:02
Covanta Holding Corporation (the "Company" or "Covanta") announced today that the Requisite Consents (as defined below) have been received from the holders ("Holders") of (i) Niagara Area Development Corporation's Series 2018A Bonds (CUSIP No....

at 18:00
Kalkine Pty Limited plans to launch its 'Real Estate Research', providing an elite opportunity to consider property and infrastructure markets in Australia and New Zealand. The recent housing price boom in Australia lurked investors underpinned by...



News published on 17 september 2021 at 16:05 and distributed by: