Adams Resources & Energy Inc (NYSEMKT:AE) to Issue Quarterly Dividend of $0.22
Adams Resources & Energy Inc (NYSEMKT:AE) announced a quarterly dividend on Tuesday, August 8th, RTT News reports. Stockholders of record on Wednesday, September 6th will be paid a dividend of 0.22 per share by the energy company on Wednesday, September 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, September 1st.
Shares of Adams Resources & Energy (NYSEMKT AE) traded up 0.90% during midday trading on Friday, hitting $34.70. 3,441 shares of the stock were exchanged. The firm has a 50-day moving average price of $39.19 and a 200-day moving average price of $39.28. The company’s market cap is $146.33 million. Adams Resources & Energy has a 12-month low of $31.53 and a 12-month high of $44.00.
A hedge fund recently raised its stake in Adams Resources & Energy stock. State Street Corp boosted its stake in Adams Resources & Energy Inc (NYSEMKT:AE) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,912 shares of the energy company’s stock after buying an additional 2,644 shares during the period. State Street Corp owned 1.11% of Adams Resources & Energy worth $1,926,000 as of its most recent SEC filing.
About Adams Resources & Energy
Adams Resources & Energy, Inc, along with its subsidiaries, is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The Company’s segments include Marketing Segment, Transportation Segment, and Oil and Gas Segment. The Company manages its Marketing Segment through its subsidiary, Gulfmark Energy, Inc, which is engaged in marketing of crude oil.
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