Adams Natural Resources Fund, Inc. (NYSE:PEO) Increases Dividend to $0.84 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.84 per share by the financial services provider on Monday, December 21st. This represents a $3.36 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Friday, November 20th. This is a 55.6% increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.54.

Adams Natural Resources Fund Price Performance

NYSE PEO opened at $28.39 on Friday. Adams Natural Resources Fund has a 12-month low of $21.00 and a 12-month high of $32.52. The firm has a 50-day moving average price of $28.85 and a two-hundred day moving average price of $26.95.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund is a closed-end investment fund that invests primarily in companies involved in energy and other natural resources. Its portfolio may include businesses engaged in oil and gas exploration and production, energy services, utilities, and mining. The fund seeks long-term growth of capital and income through investments in natural resource companies. It has a long history, dating to 1929, when it was established as Petroleum & Resources Corporation; it later adopted the Adams Natural Resources Fund name.