Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Investors of record on Monday, July 27th will be paid a dividend of 0.50 per share by the closed-end fund on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, July 27th. This is a 4.2% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48.
Adams Diversified Equity Fund Stock Performance
NYSE ADX opened at $25.87 on Friday. The stock’s 50 day moving average price is $25.38 and its two-hundred day moving average price is $24.01. Adams Diversified Equity Fund has a 52 week low of $20.91 and a 52 week high of $26.49.
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.
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