Adams Natural Resources Fund (PEO) Hits New 1-Year Low at $15.96
Adams Natural Resources Fund Inc (NYSE:PEO)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $15.96 and last traded at $16.04, with a volume of 1456 shares trading hands. The stock had previously closed at $16.52.
The business also recently announced a special dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, November 26th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 23rd. This is a positive change from Adams Natural Resources Fund’s previous special dividend of $0.02. This represents a dividend yield of 3.87%.
In other news, Director Frederic A. Escherich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $17.60, for a total transaction of $35,200.00. Following the completion of the transaction, the director now directly owns 10,705 shares of the company’s stock, valued at $188,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
About Adams Natural Resources Fund (NYSE:PEO)
Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.
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