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Adams Diversified Equity Fund - ADX STOCK NEWS

Welcome to our dedicated news page for Adams Diversified Equity Fund (Ticker: ADX), a resource for investors and traders seeking the latest updates and insights on Adams Diversified Equity Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Adams Diversified Equity Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Adams Diversified Equity Fund's position in the market.

News
William H. Reinhardt Elected Vice President – Research, Adams Diversified Equity Fund
Rhea-AI Summary
Adams Diversified Equity Fund (NYSE: ADX) announced the election of William H. Reinhardt as Vice President-Research. Mr. Reinhardt brings over eighteen years of experience in equity research, covering various sectors. His promotion reflects his knowledge, work ethic, and contribution to the team's success.
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Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance
Rhea-AI Summary
Adams Diversified Equity Fund, Inc. declares a distribution of $.05 per share from net investment income, with a total return of 11.2% for the first quarter of 2024, outperforming the S&P 500 and Morningstar U.S. Large Blend category. The Fund's twelve-month total return stands at 32.6%, surpassing major benchmarks.
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Adams Diversified Equity Fund Announces 2023 Performance
Rhea-AI Summary
Adams Diversified Equity Fund, Inc. (ADX) announced a 27.5% total return on the Fund’s net asset value for 2023, outperforming the S&P 500 Index and Morningstar U.S. Large Blend Category. The Fund's market price total return was 31.2%. The CEO, Jim Haynie, expressed satisfaction with the 27.5% return and the 8.1% annual distribution rate, surpassing the 6% minimum distribution rate commitment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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Adams Diversified Equity Fund Declares Distribution
Rhea-AI Summary
Adams Diversified Equity Fund, Inc. (ADX) announced a distribution of $0.05 per share, payable on March 1, 2024, to shareholders of record on February 9, 2024. The distribution consists of $0.03 net investment income and $0.01 long-term capital gain realized in 2023, along with $0.01 net investment income realized in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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Adams Diversified Equity Fund Announces $17.02 Issue Price of Shares for Year-End Distribution Payable December 20, 2023
Rhea-AI Summary
Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $17.02 per share is the issue price for the closed-end fund’s year-end distribution to shareholders. The distribution consists of $0.02 in net investment income and $1.13 in net realized capital gains. The annual distribution rate exceeds the 6% commitment, providing reliable income to long-term investors. The Fund has paid out capital gains to its shareholders for 59 consecutive years and has paid dividends for 88 consecutive years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment
Rhea-AI Summary
Adams Diversified Equity Fund, Inc. (NYSE: ADX) has declared a year-end distribution of $1.15 per share, with a total distribution for 2023 of $1.30. The annual distribution rate represented by these distributions is 8.1%. The distribution consists of $0.02 per share from 2023 net investment income and $1.13 per share from net capital gains realized during 2023. The payable date for the distribution is December 20, 2023, with the record date being November 20, 2023, and the ex-dividend date being November 17, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
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Adams Diversified Equity Fund Reports Nine Month Results
Rhea-AI Summary
Adams Diversified Equity Fund announces results for the nine months ended September 30th
Rhea-AI Impact
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End-of-Day
-1.26%
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Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance
Rhea-AI Summary
Adams Diversified Equity Fund declares distribution of $.05 per share from net investment income. First half performance shows a total return of 15.8% on net asset value. Semi-Annual Report to Shareholders expected on July 27, 2023.
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End-of-Day
0.12%
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Adams Natural Resources Fund Declares Distribution and Announces First Half Performance
Rhea-AI Summary
Adams Natural Resources Fund declares distribution of $.10 per share from net investment income. First half performance shows total return on net asset value of -3.1%. Annualized comparative returns for the Fund are 19.1% (NAV) and 15.2% (market price) for the twelve months ended June 30, 2023. The Fund's net asset value at June 30, 2023, was $24.81 per share. Exxon Mobil Corporation is the largest equity portfolio holding at 23.1%.
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Rhea-AI Sentiment
End-of-Day
0.12%
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Christine M. Sloan Elected Treasurer of Adams Diversified Equity Fund and Adams Natural Resources Fund
Rhea-AI Summary
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End-of-Day
-0.19%
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Stock ADX logo
Adams Diversified Equity Fund

NYSE:ADX

ADX Rankings

#1758 Ranked by Market Cap
#1919 Ranked by Stock Gains
#1786 Ranked by Dividends

ADX Stock Data

2.34B
113.20M
6.84%
27.4%
0.52%
Offices of Other Holding Companies
Management of Companies and Enterprises
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About ADX

adams funds is composed of two of the country’s oldest closed-end equity funds - adams diversified equity fund, inc. (nyse:adx) and adams natural resources fund, inc. (nyse:peo). as closed-end funds, shares of each fund’s common stock are listed and trade on the new york stock exchange. for over 85 years, both funds have been internally managed and have generated capital growth and income through portfolio performance, dividends, and distributions. the funds are managed by an experienced team employing a disciplined approach to identify investment opportunities and carefully manage risk. our funds have paid dividends for over 80 years and are committed to an annual distribution rate of at least 6%.