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DETROIT–Ramco-Gershenson Properties Trust and Agree Realty Corp., both of which are based in the Detroit suburb of Farmington Hills, have declared dividends. Ramco-Gershenson’s board declared a second quarter common share dividend of 43.75 cents per share, based on an annual dividend of $1.75 per share. The dividend will be payable on July 1.

Ramco-Gershenson also declared a second quarter dividend of 59.4 cents per Series B cumulative redeemable preferred share and a second quarter dividend of 56.6 cents per Series C cumulative convertible preferred share, all payable on July 1. Ramco-Gershenson has a portfolio of 81 shopping centers in 13 states.

Agree declared a second quarter dividend of 49 cents per share, based on an annualized dividend of $1.96 per share. The dividend is payable July 14. Agree has a portfolio of 54 properties in 14 states.

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