FARMINGTON HILLS, Mich., March 4, 2014 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its first quarter 2014 dividend for the Company's common stock.
- First quarter 2014 cash dividend of $0.43 per share, up from $0.41 per share.
- The new quarterly dividend represents an annualized dividend of $1.72 per share, an increase of 4.9% as compared to the previous annualized dividend of $1.64 per share.
- The first quarter 2014 common share dividend is payable April 8, 2014 to shareholders of record at the close of business on March 31, 2014.
Agree Realty is primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Company currently owns and operates a portfolio of 134 properties, located in 34 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 at www.agreerealty.com.
SOURCE Agree Realty Corporation