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Adams Natural Resources Fund, Inc. - PEO STOCK NEWS

Welcome to our dedicated page for Adams Natural Resources Fund news (Ticker: PEO), a resource for investors and traders seeking the latest updates and insights on Adams Natural Resources Fund stock.

Adams Natural Resources Fund, Inc. (NYSE: PEO) is a closed-end equity investment company with a rich history dating back to 1929. Specializing in energy and natural resources stocks, PEO aims to preserve capital, generate reasonable income from investments, and provide opportunities for capital appreciation. The Fund is part of Adams Funds, which also includes Adams Diversified Equity Fund, Inc. (NYSE: ADX).

Adams Natural Resources Fund is managed by an experienced team that employs a disciplined approach to identify investment opportunities and manage risk prudently. The Fund's portfolio is diversified across several sectors, predominantly focusing on energy and basic materials. As of the latest reports, the Fund has delivered impressive returns. For the twelve months ended September 30th, the total return on its net asset value (NAV), including dividends and capital gains reinvested, was 29.3%, outperforming its benchmark's return of 28.2%.

An essential feature of Adams Natural Resources Fund is its commitment to consistent income for its investors. The Fund has paid dividends and capital gains distributions for over 85 years, maintaining an annual distribution rate of at least 6%. In 2023, the Fund announced an annual distribution rate of 6.2%, emphasizing its dedication to providing dependable income regardless of market conditions.

Recent developments include the introduction of an 8% annual rate managed distribution policy, starting from the third quarter of 2024. This policy aims to provide regular and predictable distributions, enhancing the value proposition for shareholders. The distributions will be based on the Fund's average NAV, with a minimum of 2% distributed each quarter.

PEO's performance and policies underscore its long-term commitment to its shareholders. The Fund has consistently helped generations of investors achieve their financial goals through disciplined management and stable distributions. Shares of Adams Natural Resources Fund can be purchased through brokers or the Fund’s transfer agent.

About Adams Funds
Since 1929, Adams Funds has been dedicated to helping investors reach their goals. Adams Funds manages two closed-end funds, ADX and PEO, with a focus on disciplined investment strategies and reliable income for shareholders. For more information, please visit the official website or contact the Fund directly.

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Adams Natural Resources Fund (NYSE: PEO) has declared a distribution of $0.54 per share, payable on August 30, 2024, to shareholders of record on August 5, 2024. This distribution is part of the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter.

For the first half of 2024, PEO reported a total return of 10.2% on its net asset value, outperforming its benchmark's 9.6% return. The Fund's market price total return was 15.5% for the same period. Over the 12 months ended June 30, 2024, PEO's net asset value total return was 16.5%, compared to the benchmark's 14.4%.

As of June 30, 2024, PEO's net assets were $689,986,546, with a net asset value per share of $27.11. The Fund's portfolio is heavily weighted towards the Energy sector (80.5%), with top holdings including Exxon Mobil, Chevron, and ConocoPhillips.

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Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) announced several governance updates approved by their Boards of Directors. These include the election of a classified board structure and adoption of specific bylaws amendments. The classified board structure will have three director classes with three-year terms each, as per Maryland Corporations Code Section 3-803. These changes aim to enhance the stability of fund oversight and operations, serving the long-term interests of shareholders. The governance updates were made after a thorough review to safeguard the best interests of the funds and their shareholders.

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Adams Natural Resources Fund (NYSE: PEO) has announced a new initiative to enhance shareholder value: an 8% annual rate managed distribution policy. This policy replaces the previous 6% minimum annual distribution commitment and aims to offer higher, more predictable quarterly distributions. Starting in the third quarter of 2024, the Fund will distribute 2% of the average net asset value (NAV) each quarter, with the fourth quarter distribution being at least 2% of NAV or the amount needed to meet Internal Revenue Code requirements. Distributions may include net investment income, capital gains, and/or returns of capital, payable in shares or cash. CEO James Haynie asserts that this policy will enhance the Fund's value proposition while maintaining its strong returns and low expense ratio.

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Adams Natural Resources Fund, Inc. (NYSE: PEO) recently declared a distribution of $.10 per share and announced impressive first-quarter performance results. The distribution represents the Fund's commitment to a 6% minimum distribution rate. For the three months ended March 31st, the total return on the Fund's net asset value was 13.1%, outperforming its benchmark of 12.7%. Over the twelve months ended March 31st, the total return on the Fund's net asset value was 19.3%, also surpassing its benchmark of 17.6%.
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Adams Natural Resources Fund, Inc. (PEO) announced its investment returns for 2023, with a total return on the Fund’s net asset value of 2.5%, outperforming its benchmark. The Fund paid $1.35 per share in income dividends and realized capital gain distributions, exceeding its annual 6% minimum distribution rate commitment. However, the comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were -1.3% and 12.6% respectively, indicating mixed performance in comparison.
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Adams Natural Resources Fund, Inc. (NYSE: PEO) has declared a distribution of $0.10 per share, payable on March 1, 2024, to shareholders of record on February 9, 2024. The distribution consists of $0.04 net investment income and $0.01 long-term capital gain, both realized in 2023, and $0.05 net investment income realized in 2024.
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Adams Natural Resources Fund, Inc. (NYSE: PEO) has set the issue price for its year-end distribution at $19.96 per share, consisting of $0.40 in net investment income and $0.65 in net realized capital gains, payable on December 15, 2023. The fund has committed to distributing at least 6% of the fund’s trailing 12-month average month-end market price, exceeding this year with a 6.2% annual distribution rate. Adams Funds, comprised of two closed-end funds, has consistently paid dividends for over 85 years, aiming to provide reliable income to long-term investors.
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Adams Natural Resources Fund, Inc. (NYSE: PEO) declared a year-end distribution of $1.05 per share, totaling $1.35 for 2023, representing a 6.2% annual distribution rate. The distribution includes $0.40 per share from 2023 net investment income and $0.65 per share from net capital gains. This marks the 72nd consecutive year of capital gains payouts and the 89th consecutive year of dividend payouts. The payable date is December 15, 2023, with the record date on November 20, 2023, and the ex-dividend date on November 17, 2023.
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Adams Natural Resources Fund reports 6.3% total return on net asset value for the nine months ended September 30th
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Adams Diversified Equity Fund declares distribution of $.05 per share from net investment income. First half performance shows a total return of 15.8% on net asset value. Semi-Annual Report to Shareholders expected on July 27, 2023.
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FAQ

What is Adams Natural Resources Fund, Inc.?

Adams Natural Resources Fund, Inc. (NYSE: PEO) is a closed-end equity investment company specializing in energy and natural resources stocks.

What are the investment objectives of the Fund?

The Fund aims to preserve capital, generate reasonable income from investments, and provide opportunities for capital appreciation.

How long has Adams Natural Resources Fund been paying dividends?

The Fund has been paying dividends and capital gains distributions for over 85 years.

What is the Fund's annual distribution rate?

The Fund has committed to an annual distribution rate of at least 6%. For 2023, the distribution rate was 6.2%.

What is the new managed distribution policy?

Starting from the third quarter of 2024, the Fund will implement an 8% annual rate managed distribution policy to provide regular and predictable distributions.

How are the Fund's investments managed?

The Fund is managed by an experienced team that employs a disciplined approach to identify investment opportunities and manage risk.

What sectors does the Fund invest in?

The Fund's portfolio includes investments in the energy sector and basic materials.

How has the Fund performed recently?

For the twelve months ended September 30th, the Fund achieved a total return of 29.3% on its net asset value, outperforming its benchmark's return of 28.2%.

Who manages Adams Natural Resources Fund?

The Fund is managed by Adams Funds, which also includes Adams Diversified Equity Fund, Inc. (NYSE: ADX).

How can I invest in Adams Natural Resources Fund?

Shares can be purchased through brokers or the Fund’s transfer agent.

Adams Natural Resources Fund, Inc.

NYSE:PEO

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