Agree Realty Announces Quarterly Cash Dividend

Dec 06, 2010, 14:19 ET from Agree Realty Corporation

FARMINGTON HILLS, Mich., Dec. 6, 2010 /PRNewswire-FirstCall/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its fourth quarter 2010 dividend for the Company's common stock.

  • Fourth quarter 2010 cash dividend of $0.51 per share.
  • The declared fourth quarter 2010 dividend when annualized equals $2.04 per share.
  • The fourth quarter 2010 common share dividend is payable January 4, 2011 to shareholders of record at the close of business on December 20, 2010.

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.  Agree Realty owns and operates a portfolio of 79 properties, located in 17 states and containing approximately 3.5 million square feet of gross leasable space.  

For additional information, visit the Company's home page on the Internet at .

SOURCE Agree Realty Corporation