ADC - Want $1000 in Dividend Income? Here's How Much You Have to Invest in Agree Realty Stock.
2024-06-22 11:05:00 ET
Real estate investment trusts (REIT) are some of the best dividend stocks on the market. They typically pay a reliable, high-yielding, and growing dividend, checking off the list of what's important in a dividend stock.
Agree Realty (NYSE: ADC) is a retail REIT that fits this framework. But how much would you have to invest to make $1,000 in dividends?
Agree owns properties throughout the U.S. and leases them to retail chains you know and love, like Walmart , CVS , and Lowe's . It runs an efficient business with development and acquisitions as key growth drivers. As of the end of the first quarter, it had $1.3 billion in liquidity, with plans for $600 million in acquisition targets for the year.
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Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Agree Realty Stock.