Agree Realty Declares Increases Monthly Dividend From To $0.2470 Per Share
Portfolio Pulse from Benzinga Newsdesk
Agree Realty Corporation (NYSE:ADC) has announced an increase in its monthly cash dividend to $0.247 per common share, reflecting a 1.6% month-over-month growth and 2.9% year-over-year growth. The dividend is payable on November 14, 2023, to stockholders of record as of October 31, 2023. The company has also declared a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share.
October 12, 2023 | 8:39 pm
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Agree Realty Corporation's decision to increase its monthly cash dividend could potentially attract more investors, leading to a positive impact on its stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract more investors to Agree Realty Corporation, potentially leading to an increase in demand for its shares and a rise in its stock price in the short term.
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