Safest Monthly Dividend Stocks: Agree Realty Corporation’s (ADC) Strength in Industrial Real Estate

Core Viewpoint - Agree Realty Corporation (NYSE:ADC) is recognized as one of the safest monthly dividend stocks to invest in, primarily due to its focus on essential retail sectors and consistent dividend growth [1][2]. Group 1: Company Overview - Agree Realty Corporation is a net-lease REIT that specializes in owning stand-alone retail properties, focusing on tenants in essential sectors such as grocery, home improvement, discount, and drug stores [2]. - The company's portfolio strategy helps it maintain stable rental income, which is crucial for funding its dividends [2]. Group 2: Dividend Performance - In January 2021, Agree Realty transitioned from quarterly to monthly dividend payments, reflecting a commitment to providing consistent returns to shareholders [3]. - Over the past decade, the company has achieved a compound annual dividend growth rate of 5.6%, although this rate slowed to 2.4% in the last year [3]. Group 3: Future Outlook - Agree Realty plans to invest approximately $1.5 billion in properties during 2025, indicating a strategy for continued portfolio expansion [4]. - The company has long-term tenant agreements averaging over eight years, positioning it as a reliable source of monthly dividend growth in the long term [4]. - As of September 23, Agree Realty offers a monthly dividend of $0.256 per share, resulting in a dividend yield of 4.3% [4].