BLOOMFIELD HILLS, Mich.,
Nov. 11, 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 $0.227 per common share. The monthly dividend
reflects an annualized dividend amount of $2.724 per common share, representing a 9.8%
increase over the annualized dividend amount of $2.480 per common share from the fourth quarter
of 2020. The dividend is payable December
14, 2021 to stockholders of record at the close of business
on November 30, 2021.
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 December 1, 2021
to stockholders of record at the close of business on November 22, 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 September 30, 2021, the Company owned and
operated a portfolio of 1,338 properties, located in 47 states and
containing approximately 27.7 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