Adams Natural Resources Fund, Inc. (PEO) To Go Ex-Dividend on November 22nd

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.03 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Friday, November 22nd. This is a boost from Adams Natural Resources Fund’s previous dividend of $0.16.

Adams Natural Resources Fund has increased its dividend by an average of 21.2% annually over the last three years.

Adams Natural Resources Fund Price Performance

Shares of NYSE PEO opened at $24.18 on Friday. The firm’s 50-day moving average price is $23.57 and its two-hundred day moving average price is $23.38. Adams Natural Resources Fund has a 52-week low of $19.78 and a 52-week high of $24.51.

Insider Transactions at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 16,514 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $22.85 per share, for a total transaction of $377,344.90. Following the acquisition, the insider now owns 2,888,924 shares in the company, valued at approximately $66,011,913.40. This represents a 0.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 53,103 shares of company stock valued at $1,204,624. Corporate insiders own 0.06% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.