Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) announced a quarterly dividend on Friday, January 17th,NASDAQ Dividends reports. Investors of record on Monday, January 27th will be paid a dividend of 0.47 per share by the closed-end fund on Friday, February 28th. This represents a $1.88 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date is Monday, January 27th.
Adams Diversified Equity Fund has decreased its dividend by an average of 5.7% per year over the last three years.
Adams Diversified Equity Fund Price Performance
NYSE:ADX traded up $0.24 on Friday, reaching $20.94. 644,638 shares of the company's stock were exchanged, compared to its average volume of 244,750. The stock has a fifty day simple moving average of $20.84 and a 200-day simple moving average of $21.22. Adams Diversified Equity Fund has a 52 week low of $17.50 and a 52 week high of $22.63.
Insider Activity
In related news, Director Frederic A. Escherich sold 9,500 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.
About Adams Diversified Equity Fund
(
Get Free Report)
Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.
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