Adams Diversified Equity Fund, Inc. (NYSE:ADX) Announces $0.47 Quarterly Dividend

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Friday, January 17th,NASDAQ Dividends reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.47 per share by the closed-end fund on Friday, February 28th. This represents a $1.88 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend is Monday, January 27th.

Adams Diversified Equity Fund has decreased its dividend by an average of 5.7% annually over the last three years.

Adams Diversified Equity Fund Price Performance

ADX traded up $0.24 during mid-day trading on Friday, hitting $20.94. 644,638 shares of the stock were exchanged, compared to its average volume of 244,750. The firm’s fifty day moving average is $20.84 and its two-hundred day moving average is $21.22. Adams Diversified Equity Fund has a 1-year low of $17.50 and a 1-year high of $22.63.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson purchased 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.