Agree Realty Announces Quarterly Cash Dividend

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Jun 04, 2013, 04:01 ET

FARMINGTON HILLS, Mich., June 4, 2013 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its second quarter 2013 dividend for the Company's common stock.

Second quarter 2013 cash dividend of $0.41 per share.
The declared second quarter 2013 dividend when annualized equals $1.64 per share.
The second quarter 2013 common share dividend is payable July 9, 2013 to shareholders of record at the close of business on June 28, 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 118 properties, located in 32 states and containing approximately 3.4 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