Adams Diversified Equity Fund, Inc. (NYSE:ADX) Announces Quarterly Dividend of $0.05

Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Rating) declared a quarterly dividend on Thursday, April 21st, Zacks reports. Stockholders of record on Wednesday, May 18th will be paid a dividend of 0.05 per share by the closed-end fund on Wednesday, June 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, May 17th.

Adams Diversified Equity Fund has decreased its dividend by an average of 3.1% per year over the last three years.

Shares of ADX opened at $17.30 on Friday. Adams Diversified Equity Fund has a twelve month low of $16.69 and a twelve month high of $22.33. The firm has a fifty day simple moving average of $17.91 and a two-hundred day simple moving average of $18.94.

In other news, CEO Mark E. Stoeckle bought 2,200 shares of the company’s stock in a transaction dated Thursday, February 3rd. The stock was bought at an average cost of $18.43 per share, for a total transaction of $40,546.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter valued at $366,000. UBS Group AG increased its position in shares of Adams Diversified Equity Fund by 5.6% during the third quarter. UBS Group AG now owns 58,918 shares of the closed-end fund’s stock valued at $1,166,000 after buying an additional 3,140 shares during the period. JPMorgan Chase & Co. increased its position in shares of Adams Diversified Equity Fund by 14.8% during the fourth quarter. JPMorgan Chase & Co. now owns 6,050 shares of the closed-end fund’s stock valued at $117,000 after buying an additional 779 shares during the period. LPL Financial LLC raised its stake in Adams Diversified Equity Fund by 45.4% in the fourth quarter. LPL Financial LLC now owns 108,770 shares of the closed-end fund’s stock worth $2,111,000 after buying an additional 33,970 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Adams Diversified Equity Fund by 132.0% in the fourth quarter. Guggenheim Capital LLC now owns 28,811 shares of the closed-end fund’s stock worth $560,000 after buying an additional 16,394 shares during the period. Institutional investors own 16.00% of the company’s stock.

About Adams Diversified Equity Fund (Get Rating)

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability.

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Dividend History for Adams Diversified Equity Fund (NYSE:ADX)

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