BLOOMFIELD HILLS, Mich.,Dec. 13, 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$0.240per common share. The monthly dividend reflects an annualized dividend amount of$2.880per common share, representing a 5.7% increase over the annualized dividend amount of$2.724per common share from the fourth quarter of 2021. The dividend is payableJanuary 13, 2023to stockholders of record at the close of business onDecember 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$0.08854per depositary share, which is equivalent to$1.0625per annum. The dividend is payableJanuary 3, 2023to stockholders of record at the close of business onDecember 23, 2022.
About Agree Realty Corporation
同意物业公司is a publicly traded real estate investment trust that isRETHINKINGRETAILthrough the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As ofSeptember 30, 2022, the Company owned and operated a portfolio of 1,707 properties, located in all 48 continental states and containing approximately 35.8 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 andRETHINKINGRETAIL, please visitwww.agreerealty.com.
SOURCE Agree Realty Corporation
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