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The company matches its previous distribution.
Agree Realty (ADC -0.48%) this week declared a second-quarter distribution of $0.41 per share to be paid on July 9 to shareholders of record as of June 28.
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. 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.
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