Agree Realty Announces Increased Quarterly Cash Dividend

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Mar 05, 2013, 04:01 ET

FARMINGTON HILLS, Mich., March 5, 2013 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its first quarter 2013 dividend for the Company's common stock.

First quarter 2013 cash dividend of $0.41 per share, up from $.40 per share.
The declared first quarter 2013 dividend when annualized equals $1.64 per share, an increase of 2.5% as compared to the previous annualized dividend amount of $1.60 per share.
The first quarter 2013 common share dividend is payable April 9, 2013 to shareholders of record at the close of business on March 29, 2013.

Agree Realty is primarily engaged in the acquisition and development of single tenant properties net leased to industry leading retail tenants. The Company currently owns and operates a portfolio of 113 properties, located in 30 states and containing approximately 3.3 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.

SOURCE Agree Realty Corporation