Current Yield
4.03%
TTM Dividend/Share
$3.14
Payment Frequency
Monthly
Payout Ratio
168.9%
Consecutive Growth Years
14 (Dividend Contender)
Key takeaways
- Dividend Contender — Agree Realty (ADC) has raised its dividend for 14 consecutive years.
- Agree Realty (ADC) currently yields 4.03%, paying $3.14 per share over the trailing twelve months, distributed monthly.
- Payout ratio is 168.9% — the share of earnings distributed as dividends.
- 1 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 5.08% (growth is decelerating).
Dividend yield valuation for Agree Realty (ADC)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 4.03% |
1-year average yield | 4.36%now 0.33 pp below |
3-year average yield | 4.50%now 0.47 pp below |
5-year average yield | 4.34%now 0.31 pp below |
ADC: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Agree Realty (ADC)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 9.1% |
FCF payout ratio | 88.1% |
Net debt / EBITDA | 5.3x |
Interest coverage | 2.58x |
ROIC (TTM) | 3.8% |
Dividend safety score for Agree Realty (ADC)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
1 of 8 checks passed
Payout ratio below 75%
Payout ratio is 168.9%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-243M — FCF does not fully cover the payout.
No dividend cuts in 10+ years
2 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
14 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 88.1%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.1%) exceeds EPS growth (-0.5%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
174 payments from 1994 to 2026 · Adj. Dividend is split-adjusted
| Jun 30, 2026 | Jul 15, 2026 | $0.2670 | $0.2670 |
| May 29, 2026 | Jun 12, 2026 | $0.2670 | $0.2670 |
| Apr 30, 2026 | May 14, 2026 | $0.2670 | $0.2670 |
| Mar 31, 2026 | Apr 15, 2026 | $0.2620 | $0.2620 |
| Feb 27, 2026 | Mar 13, 2026 | $0.2620 | $0.2620 |
| Jan 30, 2026 | Feb 13, 2026 | $0.2620 | $0.2620 |
| Dec 31, 2025 | Jan 15, 2026 | $0.2620 | $0.2620 |
| Nov 28, 2025 | Dec 12, 2025 | $0.2620 | $0.2620 |
| Oct 31, 2025 | Nov 14, 2025 | $0.2620 | $0.2620 |
| Sep 30, 2025 | Oct 14, 2025 | $0.2560 | $0.2560 |
| Aug 29, 2025 | Sep 15, 2025 | $0.2560 | $0.2560 |
| Jul 31, 2025 | Aug 14, 2025 | $0.2560 | $0.2560 |
- Jun 30, 2026$0.2670
- May 29, 2026$0.2670
- Apr 30, 2026$0.2670
- Mar 31, 2026$0.2620
- Feb 27, 2026$0.2620
- Jan 30, 2026$0.2620
- Dec 31, 2025$0.2620
- Nov 28, 2025$0.2620
- Oct 31, 2025$0.2620
- Sep 30, 2025$0.2560
- Aug 29, 2025$0.2560
- Jul 31, 2025$0.2560
Historical dividend yield for Agree Realty (ADC)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 4.36%5Y: 4.34%10Y: 3.97%
Dividend per share for Agree Realty (ADC)
CAGR (per year)1Y: 2.70%5Y: 5.08%10Y: 5.26%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1994 | $1.35 | 3 |
| 1995 | $1.80 | 4 |
| 1996 | $1.80 | 4 |
| 1997 | $1.82 | 4 |
| 1998 | $1.84 | 4 |
| 1999 | $1.84 | 4 |
| 2000 | $1.84 | 4 |
| 2001 | $1.84 | 4 |
| 2002 | $1.84 | 4 |
| 2003 | $1.94 | 4 |
| 2004 | $1.95 | 4 |
| 2005 | $1.96 | 4 |
| 2006 | $1.96 | 4 |
| 2007 | $1.97 | 4 |
| 2008 | $2.00 | 4 |
| 2009 | $2.02 | 4 |
| 2010 | $2.04 | 4 |
| 2011 | $1.60 | 4 |
| 2012 | $1.60 | 4 |
| 2013 | $1.64 | 4 |
| 2014 | $1.74 | 4 |
| 2015 | $1.84 | 4 |
| 2016 | $1.92 | 4 |
| 2017 | $2.02 | 4 |
| 2018 | $2.16 | 5 |
| 2019 | $2.28 | 4 |
| 2020 | $2.40 | 4 |
| 2021 | $2.60 | 12 |
| 2022 | $2.81 | 12 |
| 2023 | $2.92 | 12 |
| 2024 | $3.00 | 12 |
| 2025 | $3.08 | 12 |
| 2026 | $1.59 | 6 |
Dividend growth for Agree Realty (ADC)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $3.0810 | — | — |
| 2025 | $3.0000 | $3.0810 | +2.7% |
| 2024 | $2.9190 | $3.0000 | +2.8% |
| 2023 | $2.8050 | $2.9190 | +4.1% |
| 2022 | $2.6040 | $2.8050 | +7.7% |
| 2021 | $2.4050 | $2.6040 | +8.3% |
| 2020 | $2.2800 | $2.4050 | +5.5% |
| 2019 | $2.1560 | $2.2800 | +5.8% |
| 2018 | $2.0250 | $2.1560 | +6.5% |
| 2017 | $1.9200 | $2.0250 | +5.5% |
| 2016 | $1.8450 | $1.9200 | +4.1% |
| 2015 | $1.7400 | $1.8450 | +6.0% |
| 2014 | $1.6400 | $1.7400 | +6.1% |
| 2013 | $1.6000 | $1.6400 | +2.5% |
| 2012 | $1.6000 | $1.6000 | 0.0% |
| 2011 | $2.0400 | $1.6000 | -21.6% |
| 2010 | $2.0200 | $2.0400 | +1.0% |
| 2009 | $2.0000 | $2.0200 | +1.0% |
| 2008 | $1.9700 | $2.0000 | +1.5% |
| 2007 | $1.9600 | $1.9700 | +0.5% |
| 2006 | $1.9600 | $1.9600 | 0.0% |
| 2005 | $1.9500 | $1.9600 | +0.5% |
| 2004 | $1.9350 | $1.9500 | +0.8% |
| 2003 | $1.8400 | $1.9350 | +5.2% |
| 2002 | $1.8400 | $1.8400 | 0.0% |
| 2001 | $1.8400 | $1.8400 | 0.0% |
| 2000 | $1.8400 | $1.8400 | 0.0% |
| 1999 | $1.8400 | $1.8400 | 0.0% |
| 1998 | $1.8200 | $1.8400 | +1.1% |
| 1997 | $1.8000 | $1.8200 | +1.1% |
| 1996 | $1.8000 | $1.8000 | 0.0% |
| 1995 | — | $1.8000 | — |
- 2026—
- 2025$3.0810
- 2024$3.0000
- 2023$2.9190
- 2022$2.8050
- 2021$2.6040
- 2020$2.4050
- 2019$2.2800
- 2018$2.1560
- 2017$2.0250
- 2016$1.9200
- 2015$1.8450
- 2014$1.7400
- 2013$1.6400
- 2012$1.6000
- 2011$1.6000
- 2010$2.0400
- 2009$2.0200
- 2008$2.0000
- 2007$1.9700
- 2006$1.9600
- 2005$1.9600
- 2004$1.9500
- 2003$1.9350
- 2002$1.8400
- 2001$1.8400
- 2000$1.8400
- 1999$1.8400
- 1998$1.8400
- 1997$1.8200
- 1996$1.8000
- 1995$1.8000
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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