Agree Realty Announces Quarterly Cash Dividend

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Dec 04, 2012, 04:01 ET

FARMINGTON HILLS, Mich., Dec. 4, 2012 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its fourth quarter 2012 dividend for the Company's common stock.

Fourth quarter 2012 cash dividend of $0.40 per share.
The declared fourth quarter 2012 dividend when annualized equals $1.60 per share.
The fourth quarter 2012 common share dividend is payable January 2, 2013 to shareholders of record at the close of business on December 17, 2012.

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 101 properties, located in 25 states and containing approximately 3.2 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