Agree Realty hikes dividend by 1.2%

Agree Realty (ADC) will hike its monthly dividend by 1.2% to $0.256 per share. The dividend yield is 4.2% at a stock price of $75. This marks 13 consecutive years of increases for ADC.

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort. Agree Realty Corporation has paid a dividend to shareholders every year since 1993.