Agree Realty (ADC) will raise its quarterly dividend by 3.8 percent to $0.54 per share in Q2 of 2017. This follows a 3 percent dividend hike by the REIT in the fourth quarter of last year.

The next dividend is payable July 13, 2018 to shareholders of record at the close of business on June 29, 2018 and the new dividend yields 4.3% at the current stock price of almost $50.

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort.