What is the Dividend Payout for Agree Realty Stock?
Some real estate investment trusts (REITs) are generous dividend payers, and Agree Realty (NYSE: ADC) certainly fits this description. However, with a little digging, you may discover an off-putting irregularity in Agree Realty's prior payout pattern.
This need not be a deal breaker, though. Considering the context of Agree Realty's past payment pullback should help restore confidence in this recent dividend grower.
Agree Realty, which derives revenue from bricks-and-mortar retail properties, stands out because the company pays dividends every month. Since this year's first quarter, Agree Realty has distributed $0.247 per share in dividends, reflecting an annualized dividend of $2.964 per share, assuming no dividend cuts occur. This expected payout is 2.9% greater than the annualized dividend of $2.88 per common share that commenced in the first quarter of 2023.
Source Fool.com
