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 (PEO) provides investors focused exposure to energy and natural resources equities through its closed-end fund structure. This news hub delivers timely updates on portfolio developments, market positioning, and strategic initiatives essential for understanding this specialized vehicle.
Access authoritative reporting on quarterly distributions, earnings commentary, and sector-specific analysis. Our curated collection includes press releases about capital allocation decisions, NAV updates, and management insights – all critical for evaluating this fund's income generation and capital preservation strategy.
Key coverage areas include dividend declarations, energy market positioning, materials sector investments, and comparative performance against relevant benchmarks. Bookmark this page for streamlined access to operational updates and regulatory filings that impact shareholder value in this decades-old investment vehicle.
Adams Natural Resources Fund (NYSE: PEO) announced a year-end distribution of $1.33 per share, raising the total for 2022 to $1.63, reflecting an annual distribution rate of 8.1%. This distribution includes $0.53 from net investment income and $0.80 from net capital gains, with $0.15 as short-term and $0.65 as long-term gains. The Fund has successfully paid capital gains for 71 consecutive years and dividends for 88 consecutive years. The payable date is December 16, 2022, with a record date of November 21, 2022, and an ex-dividend date of November 18, 2022.
Adams Natural Resources Fund (NYSE: PEO) reported a total return of 19.1% on net asset value (NAV) for the nine months ending September 30, 2022, slightly below its benchmark's 19.7%. The total return on share market price was 19.5%. For the twelve months, both NAV and benchmark returns were 31.4%, while share market price return was 30.4%. The Fund’s net assets grew to $552.66 million from $434.78 million a year earlier, and shares outstanding increased to 24,485,314.
Adams Funds announces Mark E. Stoeckle's retirement as CEO in April 2023 after ten years of leadership, navigating through volatile markets and the COVID-19 pandemic. James P. Haynie, currently Executive Vice President and a member of the investment committee, is appointed as his successor. Under Stoeckle, the Funds achieved consistent performance, rebranded, and celebrated their 90th anniversary in 2019. Haynie brings over 35 years of financial services experience and is expected to maintain continuity in leadership and performance for shareholders.
The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share payable on September 1, 2022. This is the third payment towards the Fund's commitment to a 6% minimum annual distribution rate. Performance for the first half of 2022 showed a total return of 17.9% for net asset value, slightly below the benchmark's 18.9%. The market price return for the same period was 19.0%. As of June 30, 2022, net assets totaled $549.58 million, with a net asset value per share of $22.45, up from $18.51 a year prior.
The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share from net investment income, payable on June 1, 2022. This marks the second payment towards the Fund’s 6% minimum distribution rate commitment for the year. For Q1 ended March 31, 2022, the total return on net asset value was 27.7%, slightly below the benchmark’s 28.3%. The Fund's net assets stood at $597,963,876, and the net asset value per share was $24.42, up from $16.94 a year earlier.
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $0.05 per share from net investment income, to be paid on June 1, 2022, for shareholders of record as of May 18, 2022. This is the second distribution in 2022, aimed at fulfilling a 6% minimum distribution rate commitment. For Q1 2022, ADX reported a total return on net asset value of -4.2%, outperforming both the S&P 500 and the Morningstar U.S. Large Blend category. The net assets increased to $2.53 billion from $2.35 billion a year ago, with a net asset value per share of $21.29.
BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund (NYSE: PEO) reported a robust 47.7% return for 2021, exceeding its benchmark of 46.4%. The Fund's total return on market price was 53.6%. Shareholders received $0.91 per share in dividends, achieving a distribution rate of 6.3%, surpassing the 6.0% minimum commitment. Assets grew to $470.6 million, with a net asset value per share of $19.22. The 2021 Annual Report is anticipated around February 18, 2022.
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.
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