Adams Diversified Equity Fund, Inc. (NYSE:ADX) Declares $1.96 Quarterly Dividend

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 1.96 per share by the closed-end fund on Monday, December 23rd. This represents a $7.84 annualized dividend and a dividend yield of 34.80%. The ex-dividend date is Friday, November 22nd.

Adams Diversified Equity Fund has increased its dividend by an average of 7.5% annually over the last three years.

Adams Diversified Equity Fund Stock Up 0.4 %

Shares of Adams Diversified Equity Fund stock opened at $22.53 on Wednesday. The firm’s 50 day moving average is $21.71 and its 200 day moving average is $21.24. Adams Diversified Equity Fund has a 1 year low of $16.60 and a 1 year high of $22.63.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the sale, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction on Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.