The dividend represents an annualized cash dividend of $1.84, representing a 9.7% yield at its opening price Thursday.
Agree is engaged in the ownership, management and development of properties, which are primarily neighborhood community shopping centers, or single tenant properties, leased to retail tenants. The company owns and operates a portfolio of 48 properties containing approximately 3.6 million sf of gross leasable area in 13 states.
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