Adams Diversified Equity Fund, Inc. (NYSE:ADX) Increases Dividend to $0.50 Per Share

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Monday, July 27th will be given a dividend of 0.50 per share by the closed-end fund on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, July 27th. This is a 4.2% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX traded down $0.23 during trading on Friday, reaching $25.97. The stock had a trading volume of 295,382 shares, compared to its average volume of 287,175. Adams Diversified Equity Fund has a 52 week low of $20.91 and a 52 week high of $26.31. The business’s 50-day moving average price is $25.23 and its 200 day moving average price is $23.90.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. PMG Family Office LLC bought a new position in shares of Adams Diversified Equity Fund in the third quarter valued at about $1,789,000. Bensler LLC grew its holdings in Adams Diversified Equity Fund by 6.8% during the 4th quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock worth $23,034,000 after acquiring an additional 62,665 shares during the last quarter. Dana Investment Advisors Inc. bought a new stake in Adams Diversified Equity Fund during the 4th quarter worth about $212,000. Midwest Trust Co increased its position in Adams Diversified Equity Fund by 2.0% in the 4th quarter. Midwest Trust Co now owns 45,302 shares of the closed-end fund’s stock valued at $1,056,000 after acquiring an additional 892 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in Adams Diversified Equity Fund by 5.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,310 shares of the closed-end fund’s stock valued at $567,000 after acquiring an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.