Adams Diversified Equity Fund (ADX) Earning Somewhat Positive Media Coverage, Analysis Shows
Media coverage about Adams Diversified Equity Fund (NYSE:ADX) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Adams Diversified Equity Fund earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the closed-end fund an impact score of 46.6023691109418 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Adams Diversified Equity Fund (ADX) traded down $1.14 during trading on Wednesday, hitting $14.66. 665,100 shares of the stock were exchanged, compared to its average volume of 170,398. Adams Diversified Equity Fund has a 52 week low of $12.33 and a 52 week high of $15.92.
The firm also recently announced a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd will be given a $0.06 dividend. This represents a dividend yield of 2.03%. The ex-dividend date is Tuesday, November 21st. This is a boost from Adams Diversified Equity Fund’s previous special dividend of $0.02.
In other news, Director Lauriann C. Kloppenburg acquired 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was acquired at an average price of $15.50 per share, with a total value of $82,150.00. Following the completion of the transaction, the director now directly owns 5,300 shares of the company’s stock, valued at approximately $82,150. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas Cotton Swindell sold 2,494 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.46, for a total transaction of $38,557.24. Following the sale, the vice president now directly owns 3,814 shares of the company’s stock, valued at approximately $58,964.44. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.
About Adams Diversified Equity Fund
Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.
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