Agree Realty's Series A Preferred Stock Shares Cross 6% Yield Mark

In trading on Wednesday, shares of Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (Symbol: ADC.PRA) were yielding above the 6% mark based on its monthly dividend (annualized to $1.0625), with shares changing hands as low as $17.67 on the day. This compares to an average yield of 8.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ADC.PRA was trading at a 29.00% discount to its liquidation preference amount, versus the average discount of 13.11% in the "Real Estate" category.

Below is a dividend history chart for ADC.PRA, showing historical dividend payments on Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock:

In Wednesday trading, Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (Symbol: ADC.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: ADC) are off about 0.7%.

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Also see: • Preferred Stock Notification Service
• Top Ten Hedge Funds Holding FFIU
• GEHC YTD Return


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