Agree Realty Corporation
ADCReal Estate · Stock · monthly payer
Forward Yield
3.95%
Annual Dividend
$3.20
Payout Ratio
168%
5-Yr Growth
-15.6%
Ex-Date
Jul 31, 2026
Frequency
Monthly
Summary
As of July 2026, Agree Realty Corporation (ADC) yields 3.95% ($3.20 per share annually), with a blended fair-value estimate of $67.44 — -17% downside, so it screens as overvalued. Dividend safety grade: C (62/100). 4 years of dividend growth.
Is ADC a good dividend stock?
Yes, with caveatsAgree Realty Corporation (ADC) pays a monthly dividend yielding 3.95% ($3.20/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (168%)
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 3.95%
- Payout Ratio
- 168%
- Annual Dividend
- $3.20
- 5-Yr Avg Growth
- -15.6%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 4
- Frequency
- monthly
- Beta
- 0.47
- Market Cap
- $9.7B
- P/E Ratio
- 43.8
- 5-Yr Total Return
- 9%
- 52-Week Range
- $69.56 – $82.08
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
ADC Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+31%
5 Years
+9%
52-Week Range
$69.56 – $82.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ADC worth?
Overvaluedlow confidenceOur blended fair-value estimate for Agree Realty Corporation is $67.44 per share, versus a market price of $81.12. That implies 17% of downside.
Fair Value
$67.44
Current Price
$81.12
Downside
-17%
Margin of Safety
-20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.0% discount rate (CAPM), 0.8% stage-1 growth, 2.5% terminal growth, $1.85 EPS, $3.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ADC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.2670 | regular |
| May 29, 2026 | — | $0.2670 | regular |
| Apr 30, 2026 | — | $0.2670 | regular |
| Mar 31, 2026 | — | $0.2620 | regular |
| Feb 27, 2026 | — | $0.2620 | regular |
| Jan 30, 2026 | — | $0.2620 | regular |
| Dec 31, 2025 | — | $0.2620 | regular |
| Nov 28, 2025 | — | $0.2620 | regular |
| Oct 31, 2025 | — | $0.2620 | regular |
| Sep 30, 2025 | — | $0.2560 | regular |
| Aug 29, 2025 | — | $0.2560 | regular |
| Jul 31, 2025 | — | $0.2560 | regular |
| Jun 30, 2025 | — | $0.2560 | regular |
| May 30, 2025 | — | $0.2560 | regular |
Income Calculator
At $3.20 / yr per share
