BLOOMFIELD HILLS, Mich.,June 14, 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$0.243per common share. The monthly dividend reflects an annualized dividend amount of$2.916per common share, representing a 3.8% increase over the annualized dividend amount of$2.808per common share from the second quarter of 2022. The dividend is payableJuly 14, 2023to stockholders of record at the close of business onJune 30, 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$0.08854per depositary share, which is equivalent to$1.0625per annum. The dividend is payableJuly 3, 2023to stockholders of record at the close of business onJune 23, 2023。
About Agree Realty Corporation
Agree Realty Corporation 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 ofMarch 31, 2023, the Company owned and operated a portfolio of 1,908 properties, located in all 48 continental states and containing approximately 40.1 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 andRETHINKINGRETAIL, please visitwww.agreerealty.com。
SOURCE Agree Realty Corporation
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