BLOOMFIELD HILLS, Mich.,
Dec. 2, 2014 /PRNewswire/ -- Agree
Realty Corporation (NYSE: ADC) announced today that its Board of
Directors has declared a fourth quarter 2014 common stock dividend
in the amount of $0.45 per share, an
increase of 4.7% over the previous quarterly dividend. The
dividend is payable January 6, 2015
to shareholders of record at the close of business on December 23, 2014.
This is the second common stock dividend increase declared by
the Company's Board of Directors in 2014. The new annualized
dividend of $1.80 per share
represents an increase of 9.8% over the annualized dividend of
$1.64 as of the fourth quarter
2013.
About Agree Realty Corporation
Agree Realty is primarily engaged in the acquisition and
development of properties net leased to industry leading retail
tenants. The Company currently owns and operates a portfolio
of 196 properties, located in 36 states and containing
approximately 4.3 million square feet of gross leasable
space. The common stock of Agree Realty Corporation is listed
on the New York Stock Exchange under the symbol "ADC".
For additional information, visit the Company's home page at
www.agreerealty.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/agree-realty-announces-increased-quarterly-cash-dividend-300003645.html
SOURCE Agree Realty Corporation