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) generates a steady stream of news centered on its performance, distributions, portfolio composition, and capital management actions. As an internally managed closed-end equity fund that invests primarily in very liquid S&P 500 stocks with a sector-neutral approach, ADX regularly reports on how its net asset value (NAV) and market price returns compare with benchmarks such as the S&P 500 Index and the Morningstar U.S. Large Blend category.
News updates commonly include quarterly and year-to-date performance figures, highlighting total returns on both NAV and market price over one-, three-, five-, and ten-year periods. Releases also provide details on the Fund’s net assets, shares outstanding, and NAV per share at specific quarter-end dates, giving investors insight into the Fund’s scale and trading dynamics.
Another key theme in ADX news is its distribution activity. The Fund announces regular quarterly distributions and year-end distributions, often specifying the per-share amounts and the estimated breakdown among net investment income, net realized short-term gains, net realized long-term gains, and any return of capital. These communications also reference the Fund’s managed distribution policies, including commitments to minimum annual distribution rates based on market price or average NAV.
Portfolio transparency is reflected in news items that list the Fund’s ten largest equity holdings and sector weightings as of quarter-end. In addition, Adams Diversified Equity Fund issues press releases when it undertakes tender offers to repurchase a portion of its outstanding shares, covering the commencement, preliminary results, and final results of such offers, including the number of shares tendered and proration factors.
Investors and researchers can use the ADX news feed to follow performance announcements, distribution declarations, portfolio snapshots, and tender offer developments, and to monitor how the Fund’s strategy and managed distribution framework are being implemented over time.
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.
The Adams Diversified Equity Fund (NYSE: ADX) announced a distribution of $.05 per share from net investment income, payable on June 1, 2021.
This marks the second distribution in 2021, aligned with the fund's 6% minimum annual distribution rate commitment. For Q1 2021, the fund's total return on net asset value was 5.8%, with the market price return at 5.9%. Over the past year, the net asset value return was 53.4%, while market price return stood at 53.9%.
Net assets reached $2.35 billion, and net asset value per share was $21.16.
Summary not available.
Adams Natural Resources Fund (NYSE: PEO) reported a total return of -22.2% on net asset value for 2020. This performance contrasts with a -33.7% return from the S&P 500 Energy Sector but is significantly lower than the 20.7% return from the S&P 500 Materials Sector. The Fund's market price return was -26.6%. Despite the challenges in the energy market, the Fund distributed $0.73 per share, achieving a 6.1% annual distribution rate. The Fund's net assets decreased from $561 million in 2019 to $332 million in 2020.
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