Adams Diversified Equity Fund Inc (ADX) to Issue Quarterly Dividend of $0.05 on August 30th
Adams Diversified Equity Fund Inc (NYSE:ADX) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, August 15th.
Adams Diversified Equity Fund has increased its dividend payment by an average of 29.1% per year over the last three years.
Shares of NYSE ADX traded up $0.16 during midday trading on Tuesday, hitting $15.64. The stock had a trading volume of 2,085 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 company’s 50 day simple moving average is $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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