Agree Realty Corporation (ADC) Ex-Dividend Date Scheduled for December 13, 2012

By NASDAQ.com News December 11, 2012, 09:00:05 AM EDT

Agree Realty Corporation ( ADC ) has announced an ex-dividend date of December 13, 2012 and a cash dividend payment of $0.4 per share scheduled for January 02, 2013. Shareholders who purchased ADC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that ADC has paid the same dividend. At the current stock price of $26.2, the dividend yield is 6.11%.

The previous trading day's last sale of ADC was $26.2, representing a -2.06% decrease from the 52 week high of $26.75 and a 27.12% increase over the 52 week low of $20.61.

ADC is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). ADC's current earnings per share, an indicator of a company's profitability, is $1.54. Zacks Investment Research reports ADC's forecasted earnings growth in 2012 as -32.78%, compared to an industry average of 1.1%.

For more information on the declaration, record and payment dates, visit the ADC Dividend History page.

Interested in gaining exposure to ADC through an Exchange Traded Fund [ETF]?
The following ETF(s) have ADC as a top-10 holding:

  • PowerShares KBW Premium Yield Equity REIT Portfolio ETF ( KBWY )
  • PowerShares Zacks Micro Cap ( PZI ).

The top-performing ETF of this group is PZI with an increase of 3.49% over the last 100 days. KBWY has the highest percent weighting of ADC at 3.54%.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, Stocks

Referenced Stocks: ADC, AMT, KBWY, PZI, SPG



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