Adams Diversified Equity Fund, Inc. (NYSE:ADX) Increases Dividend to $0.56 Per Share

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Friday, November 20th will be given a dividend of $0.56 per share by the closed-end fund on Wednesday, December 23rd. This represents a $2.24 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Friday, November 20th. This is a 12.0% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.50.

Adams Diversified Equity Fund Trading Down 0.7%

Shares of NYSE ADX opened at $25.05 on Friday. The firm’s 50-day moving average price is $25.66 and its 200-day moving average price is $24.74. Adams Diversified Equity Fund has a 1-year low of $20.91 and a 1-year high of $26.56.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc. is a publicly traded, diversified closed-end investment company. It invests primarily in a portfolio of publicly traded U.S. companies, giving shareholders exposure to a range of businesses through a single fund. The fund seeks long-term capital appreciation and income by investing in equities. Its shares trade on the New York Stock Exchange under the symbol ADX. The organization traces its history to Adams Express Company, established in 1840, and became an investment company in 1929.