This 4%-Yielding Dividend Stock Is Stepping on the Accelerator [Yahoo! Finance]
Agree Realty Corporation (ADC)
Last agree realty corporation earnings: 4/20 06:15 am
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Source: Yahoo! Finance
The retail REIT recently increased its monthly payment by another 1.2%, bringing its total raise over the past year to 2.4%. Its dividend currently yields 4%, which is more than triple the S&P 500 's dividend yield (less than 1.3%). The retail REIT has grown more slowly over the past year due to the impact of higher interest rates. However, with rates starting to fall , the company has started stepping on the accelerator by ramping up its acquisition volume. That could drive faster dividend growth in the future. Agree Realty recently reported its third-quarter earnings. The REIT posted $1.03 per share of adjusted funds from operations ( FFO ), a 2.8% increase from the prior year. That growing earnings helped support a 2.4% year-over-year increase in its monthly dividend. With its cash flow growing faster than its dividend payment, Agree Realty maintained a very conservative dividend payout ratio of 72% of its adjusted FFO. Accretive acquisitions are the main factor driving th
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ADC
News
- Agree Realty Co. (NYSE: ADC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Agree Realty Co. (NYSE: ADC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Agree Realty Co. (NYSE: ADC) had its price target raised by analysts at UBS Group AG from $77.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat
- Agree Realty Co. (NYSE: ADC) had its price target raised by analysts at Mizuho from $75.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
- Agree Realty Declares Monthly Common and Preferred DividendsPR Newswire
ADC
Earnings
- 10/22/24 - Miss
ADC
Sec Filings
- 11/14/24 - Form SC
- 10/28/24 - Form 8-K
- 10/28/24 - Form 424B5
- ADC's page on the SEC website