Analyzing Agree Realty's Ex-Dividend Date

On January 14, 2021, Agree Realty ADC announced shareholders can expect to receive a dividend payable on February 12, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Agree Realty is set for January 28, 2021. The company's current dividend payout sits at $0.21, equating to a dividend yield of 3.93% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Agree Realty's Dividend Performance

Over the past year, Agree Realty has seen its dividend payouts descend downward and yields trend upward. Last year on March 26, 2020 the company's payout sat at $0.58, which has since decreased by $0.38. Agree Realty's dividend yield last year was 2.99%, which has since grown by 0.94%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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