Business Services Industry
DIVIDENDS AND EARNINGS.
Crain's Detroit Business, June, 1999
Agree Realty Corp. (NYSE: ADC), the Farmington Hills-based shopping center owner and developer, declared a quarterly dividend of 46 cents a share on its common stock. The dividend is payable July 15 to shareholders as of June 30. Handleman Co. (NYSE: HDL) reported net income of $12.3 million or 39 cents a share on revenue of $256.9 million for its fourth quarter, which ended May 1.
That compares with a net loss of $8.5 million or 26 cents on revenue of $271.9 million for the same period in 1998. For the fiscal year, Handleman reported a net loss of $35 million or $1.11 on revenue of $1 billion, compared with net income of $312,000 or 1 cent on revenue of $1.1 billion for 1998. The Troy-based retail supplier said net income for the fourth quarter and...
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