Agree Realty Announces Increased Quarterly Cash Dividend
FARMINGTON HILLS, Mich., March 5, 2013
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.
oFirst quarter 2013 cash dividend of $0.41 per share, up from $.40 per
oThe 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.
oThe 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
SOURCE Agree Realty Corporation
Contact: Alan Maximiuk, Chief Financial Officer, +1-248-737-4190
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