Why This Monthly Dividend Stock's Slight Rise in 2022 Stands Out

Matthew DiLallo, The Motley Fool
·2 min read

Shares of Agree Realty (NYSE: ADC) rose just over 1% during the first half of 2022, according to data provided by S&P Global Market Intelligence. Here's a look at why the monthly dividend-paying real estate investment trust (REIT) was up in a period when the market was down sharply. In February, the retail REIT posted its fourth-quarter results for 2021, delivering a 9.2% increase in its adjusted funds from operations (AFFO) per share.

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