Adams Diversified Equity Fund Stock Price, News & Analysis

BALTIMORE, Nov. 10, 2022—Adams Diversified Equity Fund (NYSE: ADX) announced a year-end distribution of $0.92 per share, totaling $1.07 for 2022. This represents a 6.3% annual distribution rate. The year-end distribution includes $0.06 per share from net investment income and $0.86 from long-term capital gains. This marks the 58th consecutive year of capital gains payouts and the 87th consecutive year of dividends. The payable date is December 21, 2022, with an ex-dividend date of November 18, 2022.

Adams Diversified Equity Fund (NYSE: ADX) reported total returns for the nine months ending September 30, 2022, with a net asset value decrease of -23.2%, compared to the S&P 500's -23.9% and the Morningstar U.S. Large Blend category's -24.0%. For the year, returns were -13.2% on net asset value and -14.8% on market price. As of September 30, 2022, the fund's net assets totaled $2.02 billion, down from $2.54 billion a year prior, with shares outstanding increasing to 117.87 million.

Adams Funds announces Mark E. Stoeckle's retirement as CEO in April 2023 after ten years of leadership, navigating through volatile markets and the COVID-19 pandemic. James P. Haynie, currently Executive Vice President and a member of the investment committee, is appointed as his successor. Under Stoeckle, the Funds achieved consistent performance, rebranded, and celebrated their 90th anniversary in 2019. Haynie brings over 35 years of financial services experience and is expected to maintain continuity in leadership and performance for shareholders.

The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) has declared a distribution of $0.05 per share, payable on September 1, 2022, to shareholders of record by August 18, 2022. This is the third payment of the Fund's annual minimum distribution rate of 6%. In the first half of 2022, the Fund reported a total return on net asset value of -19.7%, slightly better than the S&P 500's -20.0%. The total return on market price was -20.5%. As of June 30, 2022, net assets stood at approximately $2.12 billion, with a net asset value per share of $17.97.

The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share from net investment income, payable on June 1, 2022. This marks the second payment towards the Fund’s 6% minimum distribution rate commitment for the year. For Q1 ended March 31, 2022, the total return on net asset value was 27.7%, slightly below the benchmark’s 28.3%. The Fund's net assets stood at $597,963,876, and the net asset value per share was $24.42, up from $16.94 a year earlier.

The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $0.05 per share from net investment income, to be paid on June 1, 2022, for shareholders of record as of May 18, 2022. This is the second distribution in 2022, aimed at fulfilling a 6% minimum distribution rate commitment. For Q1 2022, ADX reported a total return on net asset value of -4.2%, outperforming both the S&P 500 and the Morningstar U.S. Large Blend category. The net assets increased to $2.53 billion from $2.35 billion a year ago, with a net asset value per share of $21.29.

Adams Diversified Equity Fund (NYSE: ADX) reported a 29.8% return for 2021, surpassing its benchmark and outperforming peers by three percentage points. The Fund's total return on market price was 29.9%, with dividends and capital gains reinvested. Shareholders received $2.98 per share in dividends, resulting in a 15.7% annual distribution rate, exceeding the minimum 6.0% commitment. The Fund’s net assets rose to $2.65 billion from $2.23 billion the previous year, indicating strong growth.