Agree Realty Announces Quarterly Cash Dividend

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Jun 06, 2011, 04:01 ET

FARMINGTON HILLS, Mich., June 6, 2011 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its second quarter 2011 dividend for the Company's common stock.

Second quarter 2011 cash dividend of $0.40 per share.

The declared second quarter 2011 dividend when annualized equals $1.60 per share.

The second quarter 2011 common share dividend is payable July 12, 2011 to shareholders of record at the close of business on June 30, 2011.

Agree Realty is engaged in the ownership, management and development of properties, which are primarily single tenant properties leased to major retail tenants and neighborhood community shopping centers. The Company currently owns and operates a portfolio of 80 properties, located in 17 states and containing approximately 3.8 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 on the Internet at http://www.agreerealty.com .

SOURCE Agree Realty Corporation