Adams Diversified Equity Fund, Inc. (NYSE:ADX) to Issue Dividend Increase – $0.47 Per Share

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be paid a dividend of 0.47 per share by the closed-end fund on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, January 26th. This is a 2.2% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

Adams Diversified Equity Fund Stock Performance

NYSE:ADX remained flat at $23.11 during mid-day trading on Friday. 603,309 shares of the company’s stock traded hands, compared to its average volume of 333,389. The business has a 50-day simple moving average of $23.07 and a 200 day simple moving average of $22.43. Adams Diversified Equity Fund has a 52-week low of $16.50 and a 52-week high of $23.85.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.