Adams Diversified Equity Fund Inc (ADX) To Go Ex-Dividend on August 15th
Adams Diversified Equity Fund Inc (NYSE:ADX) announced a quarterly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.05 per share by the closed-end fund on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 15th.
Adams Diversified Equity Fund has raised its dividend payment by an average of 29.1% annually over the last three years.
ADX traded up $0.17 during trading on Tuesday, reaching $15.65. The stock had a trading volume of 2,485 shares, compared to its average volume of 157,714. Adams Diversified Equity Fund has a 1-year low of $11.84 and a 1-year high of $16.82. The stock has a 50 day simple moving average of $15.71.
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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