FARMINGTON HILLS, Mich., March 18, 2013 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that it has updated the record date for its first quarter 2013 dividend for the Company's common stock. The dividend will be paid on April 9, 2013 to shareholders of record on March 28, 2013. The previously announced record date of March 29, 2013 falls on a holiday for the New York Stock Exchange. The dividend of $.41 per share represents an annualized rate of $1.64 per share.
Agree Realty is primarily engaged in the acquisition and development of single tenant properties net leased to industry leading retail tenants. The Company currently owns and operates a portfolio of 113 properties, located in 30 states and containing approximately 3.3 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".
For additional information, visit the Company's home page at www.agreerealty.com.
SOURCE Agree Realty Corporation