Welcome to our dedicated page for Adams Diversified Equity Fund news (Ticker: ADX), a resource for investors and traders seeking the latest updates and insights on Adams Diversified Equity Fund stock.
Adams Diversified Equity Fund Inc (NYSE: ADX) maintains one of the longest track records among closed-end funds, with news coverage focusing on its disciplined approach to capital preservation and income generation. This page aggregates official press releases, dividend announcements, and strategic updates about the fund’s S&P 500-focused portfolio.
Investors and analysts will find timely updates on portfolio rebalancing, management insights, and sector allocation decisions. The curated news selection emphasizes ADX’s core strengths: its historic dividend consistency, sector-neutral diversification across industries like energy and technology, and risk-managed growth strategy.
Key updates include earnings reports, leadership changes, and commentary on market positioning. All content is sourced from verified channels to ensure accuracy and relevance for those monitoring long-term investment performance.
Bookmark this page for centralized access to ADX’s latest developments, including analyses of its liquidity management and responses to evolving market conditions. Check regularly for updates reflecting the fund’s commitment to transparent communication with shareholders.
Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) have elected Jane Musser Nelson as an independent director, effective December 9, 2021. With over 30 years in investment management, Nelson's expertise includes roles at Cambridge Associates, Bain Capital, and ING Capital Advisors. She will enhance the Board's strengths as the Funds approach their 100th anniversary, aiming for continued growth and success. Since 1929, these Funds have consistently supported investors by paying dividends for over 80 years and maintaining a commitment to a 6% annual distribution rate.
Adams Diversified Equity Fund (NYSE: ADX) announced a year-end distribution of $2.83 per share, totaling $2.98 for 2021, with an annual distribution rate of 15.7%. This includes $0.07 from net investment income and $2.76 from realized capital gains. The Fund marks its 57th consecutive year of capital gains payouts and 86th consecutive year of dividends. The distribution, payable on December 22, 2021, reflects a commitment to provide a minimum of 6% distributions against the Fund's trailing market price.
Adams Natural Resources Fund, Inc. (NYSE: PEO) has announced a year-end distribution of $0.61 per share, raising total distributions for 2021 to $0.91. This distribution reflects a 6.3% annual distribution rate. The year-end payout includes $0.29 from net investment income and $0.32 from realized capital gains. This achievement marks the 70th consecutive year of capital gains payouts and 87th consecutive year of dividend payments. The distribution is payable on December 17, 2021, with an ex-dividend date of November 19, 2021.
Adams Diversified Equity Fund (NYSE: ADX) reported a 14.9% total return on its net asset value for the nine months ended September 30, 2021. In comparison, the S&P 500 and Lipper Large-Cap Core Funds Average achieved returns of 15.9% and 14.9%, respectively. Over the twelve-month period, the fund delivered a 28.2% return, while the S&P 500 and Lipper indices had 30.0% and 28.6% returns. As of September 30, 2021, net assets amounted to $2.54 billion with a net asset value per share of $22.86. The Fund aims for an annual distribution rate of 6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO) reported a total return of 33.8% on net asset value for the nine months ended September 30, 2021, outperforming its benchmark's 33.4%. The market price return was 40.8%. For the twelve-month period, total return was 64.8%, slightly ahead of the benchmark's 64.5%, with a market price return of 69.6%. The fund's net assets increased to $434.8 million from $275.8 million year-over-year, and the net asset value per share rose to $18.05 from $11.58.
The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share, payable on September 1, 2021, to shareholders of record on August 18, 2021. This marks the third payment in line with the Fund's 6% minimum distribution rate commitment for the year. For the first half of 2021, the Fund's total return on net asset value reached 36.3%, matching its benchmark. The Fund's net assets rose to $445.8 million as of June 30, 2021, with a net asset value per share of $18.51.
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $.05 per share from net investment income, payable on September 1, 2021, to shareholders of record on August 18, 2021. This marks the third payment for the Fund's 6% annual minimum distribution rate. For the first half of 2021, the total return on net asset value was 15.1%, slightly under the S&P 500's 15.3%. The Fund's net assets increased from $1.9 billion in 2020 to $2.5 billion in 2021, with shares outstanding rising to 111 million.
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) has elected Janis F. Kerns as Vice President, effective April 15, 2021. Kerns, who also serves as General Counsel, Corporate Secretary, and Chief Compliance Officer, brings over 20 years of legal and compliance experience in the investment management industry. CEO Mark Stoeckle praised her contributions to the Funds, which have a long history of stable dividend payments and are committed to a 6% annual distribution rate for investors.
FAQ
What is the current stock price of Adams Diversified Equity Fund (ADX)?
What is the market cap of Adams Diversified Equity Fund (ADX)?
