Agree Realty Corporation (NYSE:ADC) is included among the 10 Safest Monthly Dividend Stocks to Buy.
Agree Realty Corporation is a net-lease REIT that owns stand-alone retail properties. Its portfolio is concentrated on tenants in essential sectors such as grocery, home improvement, discount, and drug stores, which generally hold up well against e-commerce pressure and economic slowdowns. This approach helps the company maintain consistent rental income to fund its dividends.
In January 2021, Agree Realty Corporation shifted from paying dividends quarterly to a monthly schedule. Over the last decade, it has delivered dividend growth at a compound annual rate of 5.6%, though the pace slowed to 2.4% in the past year.
Looking ahead, Agree Realty Corporation plans to invest roughly $1.5 billion in properties during 2025. With continued portfolio expansion and long-term tenant agreements that average more than eight years, Agree Realty is positioned to remain a steady and dependable source of monthly dividend growth over the long term. Currently, it offers a monthly dividend of $0.256 per share for a dividend yield of 4.3%, as of September 23.
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