Adams Diversified Equity Fund, Inc. (NYSE:ADX) Announces Quarterly Dividend of $0.48

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Monday, April 27th will be paid a dividend of 0.48 per share by the closed-end fund on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, April 27th. This is a 2.1% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47.

Adams Diversified Equity Fund Trading Up 0.7%

NYSE ADX traded up $0.17 on Friday, reaching $23.96. 440,097 shares of the stock traded hands, compared to its average volume of 299,400. The company has a fifty day moving average price of $22.85 and a 200-day moving average price of $22.94. Adams Diversified Equity Fund has a 12 month low of $17.62 and a 12 month high of $24.14.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westfuller Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at approximately $28,000. Caldwell Trust Co acquired a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $45,000. Bayban acquired a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $57,000. CWM LLC increased its holdings in Adams Diversified Equity Fund by 27.3% in the third quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock valued at $80,000 after buying an additional 773 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Adams Diversified Equity Fund by 119.4% in the fourth quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock valued at $101,000 after buying an additional 2,361 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.