That amount matches the firm's previous distribution, paid in April. Prior to that, Agree Realty handed out $0.40 per share.
The just-declared dividend annualizes to $1.64 per share. That yields just over 5% at Agree Realty's most recent closing stock price of $32.59.
Fool contributor Eric Volkman has no position in Agree Realty. Nor does The Motley Fool. 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.