Adams Diversified Equity Fund Stock Price, News & Analysis

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.

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.

Adams Diversified Equity Fund (NYSE: ADX) reported an impressive 18.8% return for 2020, outperforming its benchmark by 2 percentage points and exceeding the Lipper Large-Cap Core Funds Average by 2%. The fund's total return based on market price stood at 16.4%. Shareholders received dividends totaling $1.03 per share, yielding a 6.8% annual distribution rate, above the 6.0% minimum commitment. The fund’s net assets grew from $1.95 billion to $2.23 billion, and the net asset value per share increased from $17.93 to $20.06.

Adams Natural Resources Fund (NYSE: PEO) announced the initiation of share repurchases as part of its enhanced discount management and liquidity program. This program allows buybacks when shares are priced at least 15% below net asset value for 30 consecutive trading days. CEO Mark Stoeckle emphasized that this move aims to enhance shareholder value amidst challenging energy market conditions. The Fund's repurchase strategy also includes a proportional tender offer when the discount exceeds 19% for the same duration. The enhanced program complements the Fund's annual 6% distribution commitment.

Mary Chris Jammet has been elected as an independent director of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), effective December 10, 2020. With over 30 years of experience in investment management, she previously managed $20 billion in client assets at Legg Mason, Inc. Jammet is recognized as an Audit Committee Financial Expert and holds a CERT Certificate in Cybersecurity Oversight. Adams Funds, established in 1929, is committed to providing an annual distribution rate of 6% or more, focusing on long-term investor income.