Agree Realty Keeps Dividend Steady
Single-tenant property developer Agree Realty announced today its third-quarter dividend of $0.41 per share, the same rate it's paid for the past two quarters after raising the payout 2.5% from $0.40 per share.
The board of directors said the quarterly dividend is payable on October 8 to holders of record at the close of business on September 30. The regular dividend payment equates to a $1.64-per-share annual dividend, yielding 6% based on the closing price today of Agree Realty's stock.
The article Agree Realty Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.