The $0.0885/share dividend for ADC.PR.A reflects a 6.21% forward yield, payable August 3 to July 24 record holders.
Agree Realty Corp.’s 4.25% Series A perpetual preferred stock (ADC.PR.A) declared a $0.0885 per share monthly dividend. The payment equates to a 6.21% forward yield based on current pricing.
The dividend is payable on August 3 to shareholders of record as of July 24, with an ex-dividend date also set for July 24. The company’s preferred shares trade at a $25 par value with a 1/1000th fractional interest.
No immediate market reaction was specified following the announcement.