Adams Natural Resources Fund, Inc. (NYSE:PEO) to Issue Dividend of $1.03

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.03 per share by the financial services provider on Thursday, December 19th. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Adams Natural Resources Fund’s previous dividend of $0.16.

Adams Natural Resources Fund has raised its dividend by an average of 21.2% per year over the last three years.

Adams Natural Resources Fund Price Performance

PEO traded down $0.10 during trading on Friday, hitting $24.18. 40,415 shares of the company traded hands, compared to its average volume of 39,223. The stock’s fifty day moving average is $23.53 and its 200 day moving average is $23.37. Adams Natural Resources Fund has a one year low of $19.78 and a one year high of $24.51.

Insider Activity at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. bought 13,785 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of $22.76 per share, for a total transaction of $313,746.60. Following the completion of the acquisition, the insider now directly owns 2,853,687 shares in the company, valued at $64,949,916.12. The trade was a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 53,103 shares of company stock worth $1,204,624. Corporate insiders own 0.06% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. 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.