3 Reasons to Buy Agree Realty Stock Like There's No Tomorrow
Agree Realty (NYSE: ADC) is a real estate investment trust (REIT) that cut its dividend in 2011. That said, the company is vastly different today than it was back then. In fact, the dividend has been increased annually for roughly a decade at this point. If you are looking for a dividend stock, you'll probably want to consider Agree today. Here are three reasons why.
Dividend investors generally pay a great deal of attention to dividend yields, which makes total sense. In this case, Agree Realty's yield is about 4.9%. That is more than the 1.3% you'll find from the S 500 index. It is also higher than the yield of the average REIT, which comes in at roughly 4.2%, using the Vanguard Real Estate Index ETF (NYSEMKT: VNQ) as a proxy.
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Source Fool.com
