Adams Diversified Equity Fund, Inc. (NYSE:ADX) Announces Dividend Increase – $0.50 Per Share

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.50 per share by the closed-end fund on Friday, August 28th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, July 27th. This is a 4.2% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48.

Adams Diversified Equity Fund Stock Performance

NYSE ADX traded down $0.23 on Friday, reaching $25.97. The stock had a trading volume of 295,382 shares, compared to its average volume of 287,175. Adams Diversified Equity Fund has a 1-year low of $20.91 and a 1-year high of $26.31. The firm has a fifty day moving average of $25.23 and a two-hundred day moving average of $23.90.

About Adams Diversified Equity Fund

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.