Adams Diversified Equity Plans Quarterly Dividend of $0.05 (ADX)
Adams Diversified Equity (NYSE:ADX) declared a quarterly dividend on Friday, April 20th, Wall Street Journal reports. Investors of record on Friday, May 18th will be given a dividend of 0.05 per share by the closed-end fund on Friday, June 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 17th.
Adams Diversified Equity has increased its dividend payment by an average of 5.4% annually over the last three years.
Adams Diversified Equity stock opened at $15.26 on Wednesday. Adams Diversified Equity has a one year low of $15.23 and a one year high of $15.26.
Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.
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