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FARMINGTON HILLS, MI-Agree Realty Corp. has declared a common stock quarterly dividend of $0.46 per share for the quarter ending Sept. 30. The dividend is payable on Oct. 11 to shareholders of record on Sept. 28.

The dividend represents an annualized cash dividend of $1.84. The dividend is the same as last year’s third quarter dividend amount.

Agree owns, manages and develops properties, mostly neighborhood community shopping centers, or single-tenant properties are leased to retail tenants. The company owns and operates a portfolio of 46 properties containing approximately 3.6 million square feet of gross leasable area located in 13 states.

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