Agree Realty (ADC) will raise its quarterly dividend by 2.7 percent to $0.57 per share in Q2 of 2019. Last year the REIT hiked its dividend by a total of 6.7 percent.
The next dividend is payable July 12, 2019 to shareholders of record at the close of business on June 28, 2019. A new annualized dividend of $2.28 per share yields 3.4% at a stock price of $66.85 for Agree Realty.
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.