Adams Natural Resources Fund, Inc. (NYSE:PEO) Plans Dividend Increase – $0.84 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a quarterly dividend on Thursday, November 12th. Investors of record on Friday, November 20th will be paid a dividend of $0.84 per share by the financial services provider on Monday, December 21st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Friday, November 20th. This is a 55.6% increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.54.

Adams Natural Resources Fund Trading Up 1.0%

Shares of Adams Natural Resources Fund stock opened at $28.39 on Friday. The business’s fifty day simple moving average is $28.85 and its 200 day simple moving average is $26.95. Adams Natural Resources Fund has a 12 month low of $21.00 and a 12 month high of $32.52.

Insider Transactions at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, Director Jane Musser Nelson bought 1,010 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average cost of $29.93 per share, with a total value of $30,229.30. Following the transaction, the director directly owned 4,135 shares in the company, valued at $123,760.55. This trade represents a 32.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adams Natural Resources Fund

Several institutional investors have recently added to or reduced their stakes in PEO. FCA Corp TX increased its holdings in Adams Natural Resources Fund by 3.7% during the third quarter. FCA Corp TX now owns 138,409 shares of the financial services provider’s stock worth $3,810,000 after buying an additional 4,961 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Adams Natural Resources Fund in the third quarter valued at about $1,548,000. Private Advisor Group LLC purchased a new position in Adams Natural Resources Fund in the third quarter valued at about $762,000. Walsh & Associates LLC grew its position in shares of Adams Natural Resources Fund by 4.2% during the 3rd quarter. Walsh & Associates LLC now owns 32,788 shares of the financial services provider’s stock valued at $903,000 after acquiring an additional 1,316 shares during the period. Finally, Joel Isaacson & Co. LLC bought a new position in shares of Adams Natural Resources Fund during the 3rd quarter valued at approximately $210,000. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund is a closed-end investment fund that invests primarily in companies involved in energy and other natural resources. Its portfolio may include businesses engaged in oil and gas exploration and production, energy services, utilities, and mining. The fund seeks long-term growth of capital and income through investments in natural resource companies. It has a long history, dating to 1929, when it was established as Petroleum & Resources Corporation; it later adopted the Adams Natural Resources Fund name.