Adams Diversified Equity Fund Declares Year-End Distribution
Adams Diversified Equity Fund (NYSE: ADX) has declared a year-end distribution of $1.96 per share, bringing total 2024 distributions to $2.50 per share. The annual distribution rate is 10.9%. The distribution comprises 83% long-term gains, 15% short-term gains, and 2% net investment income. The Fund reported a 15.7% average annual total return for the 5-year period and a 20.1% cumulative total return for the fiscal year through October 31, 2024. This marks the Fund's 60th consecutive year of capital gains payments and 89th consecutive year of dividend payments.
Adams Diversified Equity Fund (NYSE: ADX) ha dichiarato una distribuzione di fine anno di $1.96 per azione, portando il totale delle distribuzioni del 2024 a $2.50 per azione. Il tasso di distribuzione annuale è del 10.9%. La distribuzione è composta dall'83% di guadagni a lungo termine, dal 15% di guadagni a breve termine e dal 2% di reddito da investimenti netti. Il Fondo ha riportato un 15.7% di rendimento totale annuale medio per il periodo di 5 anni e un 20.1% di rendimento totale cumulato per l'anno fiscale fino al 31 ottobre 2024. Questo segna il 60° anno consecutivo di pagamenti di guadagni e il 89° anno consecutivo di pagamenti di dividendi.
Adams Diversified Equity Fund (NYSE: ADX) ha declarado una distribución de fin de año de $1.96 por acción, llevando el total de distribuciones para 2024 a $2.50 por acción. La tasa de distribución anual es del 10.9%. La distribución se compone del 83% de ganancias a largo plazo, 15% de ganancias a corto plazo y 2% de ingresos netos por inversión. El Fondo reportó un 15.7% de rendimiento total anual promedio durante el período de 5 años y un 20.1% de rendimiento total acumulado para el año fiscal que finaliza el 31 de octubre de 2024. Esto marca el 60° año consecutivo de pagos de ganancias y el 89° año consecutivo de pagos de dividendos.
아담스 다이버시파이드 에쿼티 펀드 (NYSE: ADX)는 연말 배당금을 주당 $1.96로 선언하였으며, 이를 통해 2024년 총 배당금이 주당 $2.50에 이르게 됩니다. 연간 배당률은 10.9%입니다. 이 배당금은 83%의 장기 이익, 15%의 단기 이익, 그리고 2%의 순 투자 소득으로 구성됩니다. 펀드는 5년 동안의 연평균 총 수익률 15.7%과 2024년 10월 31일까지의 회계연도에 대한 누적 총 수익률 20.1%을 보고했습니다. 이는 펀드의 자본 이익 지급 60년 연속과 배당금 지급 89년 연속을 의미합니다.
Adams Diversified Equity Fund (NYSE: ADX) a déclaré une distribution de fin d'année de 1,96 $ par action, portant le total des distributions de 2024 à 2,50 $ par action. Le taux de distribution annuel est de 10,9 %. La distribution se compose de 83 % de gains à long terme, de 15 % de gains à court terme et de 2 % de revenus nets d'investissement. Le fonds a rapporté un 15,7 % de rendement total annuel moyen pour la période de 5 ans et un 20,1 % de rendement total cumulatif pour l'exercice se terminant le 31 octobre 2024. Cela marque la 60e année consécutive de paiements de gains en capital et la 89e année consécutive de paiements de dividendes.
Adams Diversified Equity Fund (NYSE: ADX) hat eine Jahresendverteilung von $1.96 pro Aktie erklärt, was die Gesamtausschüttungen für 2024 auf $2.50 pro Aktie erhöht. Der jährliche Ausschüttungsrate beträgt 10.9%. Die Ausschüttung setzt sich aus 83% langfristigen Gewinnen, 15% kurzfristigen Gewinnen und 2% Nettoeinnahmen aus Investitionen zusammen. Der Fonds berichtete eine 15.7% durchschnittliche jährliche Gesamtrendite über den Zeitraum von 5 Jahren und eine 20.1% kumulierte Gesamtrendite für das Geschäftsjahr bis zum 31. Oktober 2024. Dies markiert das 60. Jahr in Folge von Kapitalgewinnauszahlungen und das 89. Jahr in Folge von Dividendenzahlungen.
- Annual distribution rate of 10.9%
- 20.1% cumulative total return for fiscal year through October 31, 2024
- 15.7% average annual total return over 5-year period
- 60 consecutive years of capital gains payments
- 89 consecutive years of dividend payments
- None.
Insights
The 10.9% annual distribution rate represents a significant payout to shareholders, with
The 60-year streak of capital gains distributions and 89-year dividend history demonstrates exceptional consistency and stability. The option for shareholders to receive distributions in stock or cash provides flexibility for different investment strategies. The fund's NAV-based distribution rate of
BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of
The Fund’s estimated sources for the distribution to be paid on December 23, 2024 and for all distributions declared in 2024 to date are as follows:
| Distribution per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| December 23, 2024 | ||||||
| YTD 2024 | ||||||
Fund Performance and Distribution Rate Information:
| Average Annual Total Return (on NAV for the 5- year period ended on October 31, 2024)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of October 31, 2024) 2 | Cumulative Total Return (on NAV for the fiscal year through October 31, 2024) 1 | Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of October 31, 2024) 3 | ||||
1 Total return is calculated assuming a purchase of a Fund share at the beginning of the period and a sale on the last day of the period at reported net asset value per share, excluding any brokerage commissions. Distributions are assumed to be reinvested at the price received in the Fund’s dividend reinvestment plan. For periods greater than one year, returns are presented on an annualized basis.
2 The annualized Current Distribution Rate is the current quarter’s distribution rate per share annualized and expressed as a percentage of the Fund’s NAV per share as of October 31, 2024.
3 The Cumulative Fiscal Year Distribution Rate is the distributions per share for the current fiscal year period, expressed as a percentage of the Fund’s NAV per share as of October 31, 2024.
You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
This marks the 60th consecutive year that the Fund has paid out capital gains and the 89th consecutive year it has paid out dividends to its shareholders.
"We are pleased to announce our 2024 annual distribution rate of
The payable date for the distribution is December 23, 2024, and the record/ex-dividend date is November 22, 2024. The year-end distribution is payable in stock (default) or cash at the election of each shareholder. The cash election cutoff and share valuation date will be December 11, 2024. The issue price for shares will be the Fund’s closing NYSE market price on the share valuation date.
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 85 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of
For further information please contact: adamsfunds.com/about/contact │800.638.2479
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