Adams Diversified Equity Fund (ADX) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Adams Diversified Equity Fund (NYSE:ADX) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adams Diversified Equity Fund earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the closed-end fund an impact score of 46.1919817841472 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Adams Diversified Equity Fund (NYSE:ADX) traded up 0.95% during midday trading on Monday, hitting $14.86. 125,058 shares of the stock were exchanged. The firm has a 50 day moving average of $14.71 and a 200 day moving average of $14.22. The firm has a market cap of $1.47 billion, a P/E ratio of 5.26 and a beta of 1.08. Adams Diversified Equity Fund has a 12-month low of $12.33 and a 12-month high of $14.94.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%.
About Adams Diversified Equity Fund
Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.
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