Agree Realty Corporation (ADC) to Issue Monthly Dividend of $0.27 on October 14th

Agree Realty Corporation (NYSE:ADC) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.267 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 30th.

Agree Realty has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Agree Realty has a payout ratio of 162.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Agree Realty to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 68.5%.

Agree Realty Stock Performance

Agree Realty stock opened at $71.26 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $8.86 billion, a PE ratio of 38.31, a P/E/G ratio of 2.34 and a beta of 0.46. The company has a 50 day moving average price of $76.05 and a 200-day moving average price of $76.43. Agree Realty has a fifty-two week low of $69.56 and a fifty-two week high of $82.08.

Agree Realty (NYSE:ADC) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The firm had revenue of $216.33 million during the quarter, compared to the consensus estimate of $204.53 million. Agree Realty had a return on equity of 3.90% and a net margin of 28.84%.The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Agree Realty has set its FY 2026 guidance at 4.570-4.590 EPS. As a group, equities analysts forecast that Agree Realty will post 4.45 earnings per share for the current year.

About Agree Realty

Agree Realty Corporation (NYSE: ADC) is a real estate investment trust that owns, develops, acquires and manages retail properties. The company primarily invests in freestanding, net-leased properties occupied by nationally recognized and regionally established retailers.

Under a net lease, tenants generally pay expenses such as property taxes, insurance and maintenance in addition to rent. Agree Realty’s portfolio is focused largely on essential retail locations, including stores serving everyday consumer needs.