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Adams Natural Resources Fund Inc - PEO STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Adams Natural Resources Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Adams Natural Resources Fund's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
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none
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Rhea-AI Summary
Adams Natural Resources Fund reports 6.3% total return on net asset value for the nine months ended September 30th
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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none
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Rhea-AI Summary
Adams Natural Resources Fund declares distribution of $.10 per share from net investment income. First half performance shows total return on net asset value of -3.1%. Annualized comparative returns for the Fund are 19.1% (NAV) and 15.2% (market price) for the twelve months ended June 30, 2023. The Fund's net asset value at June 30, 2023, was $24.81 per share. Exxon Mobil Corporation is the largest equity portfolio holding at 23.1%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
-
Rhea-AI Summary
Adams Natural Resources Fund declares distribution of $.10 per share from net investment income. First half performance shows total return on net asset value of -3.1%. Annualized comparative returns for the Fund are 19.1% (NAV) and 15.2% (market price) for the twelve months ended June 30, 2023. The Fund's net asset value at June 30, 2023, was $24.81 per share. Exxon Mobil Corporation is the largest equity portfolio holding at 23.1%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
Adams Natural Resources Fund Inc

NYSE:PEO

PEO Rankings

PEO Stock Data

588.36M
23.54M
0.49%
37.02%
1.48%
Securities and Commodity Exchanges
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About PEO

adams funds is composed of two of the country’s oldest closed-end equity funds - adams diversified equity fund, inc. (nyse:adx) and adams natural resources fund, inc. (nyse:peo). as closed-end funds, shares of each fund’s common stock are listed and trade on the new york stock exchange. for over 85 years, both funds have been internally managed and have generated capital growth and income through portfolio performance, dividends, and distributions. the funds are managed by an experienced team employing a disciplined approach to identify investment opportunities and carefully manage risk. our funds have paid dividends for over 80 years and are committed to an annual distribution rate of at least 6%.