1 Magnificent Dividend Stock Down 25% to Buy and Hold Forever [Yahoo! Finance]
Agree Realty Corporation (ADC)
Last agree realty corporation earnings: 4/20 06:15 am
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US:NYSE Investor Relations:
agreerealty.com/invest
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Source: Yahoo! Finance
It also switched from making quarterly dividend payments to a monthly schedule, increasing its attractiveness to those seeking a recurring income stream. Despite Agree Realty's success, shares of the REIT have slumped about 25% from their peak level in 2022. That sell-off and a steadily rising payout have pushed its dividend yield up to 5.1%, which is significantly higher than the S&P 500 (1.4% dividend yield). With more growth ahead, it's a great dividend stock to buy and hold for a potential lifetime of recurring passive income. Still growing despite a stiff headwind Higher interest rates have been the main factor weighing on Agree Realty's stock over the past couple of years. Higher rates affect the value of real estate, driving it down to boost income yields above lower-risk alternatives like bonds. They also make it more expensive for REITs like Agree Realty to borrow money to fund new acquisitions. While higher rates are a growth headwind for the REIT, it's still growi
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News
- Agree Realty Declares Monthly Common and Preferred DividendsPR Newswire
- Agree Realty Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
- Agree Realty Co. (NYSE: ADC) had its price target raised by analysts at Mizuho from $60.00 to $62.00. They now have a "neutral" rating on the stock.MarketBeat
- Agree Realty Announces Pricing of $450 Million of 5.625% Senior Unsecured Notes Due 2034 [Yahoo! Finance]Yahoo! Finance
- Agree Realty Announces Pricing of $450 Million of 5.625% Senior Unsecured Notes Due 2034PR Newswire
ADC
Earnings
- 4/23/24 - Miss
ADC
Sec Filings
- 5/13/24 - Form 8-K
- 5/8/24 - Form 8-K
- 5/6/24 - Form FWP
- ADC's page on the SEC website