Adams Diversified Equity Fund Inc (ADX) Plans Quarterly Dividend of $0.07
Adams Diversified Equity Fund Inc (NYSE:ADX) declared a quarterly dividend on Friday, November 16th, Wall Street Journal reports. Stockholders of record on Monday, November 26th will be paid a dividend of 0.07 per share by the closed-end fund on Wednesday, December 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.05.
Adams Diversified Equity Fund has increased its dividend by an average of 5.4% per year over the last three years.
Shares of ADX traded up $0.16 during trading hours on Friday, hitting $15.75. The company had a trading volume of 551,000 shares, compared to its average volume of 199,467. Adams Diversified Equity Fund has a 12 month low of $14.30 and a 12 month high of $16.82.
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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