Adams Natural Resources Fund, Inc. (NYSE:PEO) Announces Dividend Increase – $0.53 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a — dividend on Friday, January 17th,NASDAQ Dividends reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.53 per share by the financial services provider on Wednesday, February 26th. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, January 27th. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16.

Adams Natural Resources Fund has raised its dividend by an average of 24.8% annually over the last three years.

Adams Natural Resources Fund Stock Performance

PEO opened at $23.15 on Friday. Adams Natural Resources Fund has a 12 month low of $20.21 and a 12 month high of $24.79. The stock’s 50 day moving average price is $22.71 and its 200 day moving average price is $23.19.

Insider Transactions at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley bought 1,450 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $23.30 per share, with a total value of $33,785.00. Following the completion of the purchase, the vice president now directly owns 17,604 shares in the company, valued at approximately $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.