Adams Diversified Equity Fund, Inc. Announces Quarterly Dividend of $0.47 (NYSE:ADX)

Posted by Editorial Team on Jan 19th, 2025

Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Free Report) announced a quarterly dividend on Friday, January 17th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be given 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 of this dividend is Monday, January 27th.

Adams Diversified Equity Fund has decreased its dividend by an average of 5.7% annually over the last three years.

Adams Diversified Equity Fund Price Performance

NYSE:ADX opened at $20.94 on Friday. Adams Diversified Equity Fund has a 12-month low of $17.50 and a 12-month high of $22.63. The stock’s 50 day simple moving average is $20.84 and its 200-day simple moving average is $21.22.

Insider Buying and Selling at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.