Agree Realty Announces Quarterly Cash Dividend

Jun 07, 2010, 11:49 ET from Agree Realty Corporation

FARMINGTON HILLS, Mich., June 7 /PRNewswire-FirstCall/ -- Agree Realty Corporation (NYSE: ADC) today announced that its Board of Directors has declared its second quarter 2010 dividend for the Company's common stock.

  • Second quarter 2010 cash dividend of $0.51 per share.
  • The declared second quarter 2010 dividend when annualized equals $2.04 per share.
  • The second quarter 2010 common share dividend is payable July 13, 2010 to stockholders of record at the close of business on June 30, 2010.

Agree Realty is engaged in the ownership, management and development of properties, which are primarily single tenant net leased properties and neighborhood community shopping centers, leased to retail tenants.  The Company owns and operates a portfolio of 72 properties containing approximately 3.5 million square feet of gross leasable area, located in 15 states.  The common stock of Agree Realty is listed on the New York Stock Exchange under the symbol ADC.

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

SOURCE Agree Realty Corporation