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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Friday, May 17th will be given a dividend of 0.05 per share by the closed-end fund on Friday, May 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Diversified Equity Fund has decreased its dividend by an average of 3.6% annually over the last three years and has raised its dividend every year for the last 1 years.

Adams Diversified Equity Fund Trading Down 1.1 %

Shares of NYSE ADX traded down $0.20 during mid-day trading on Friday, hitting $18.40. 232,671 shares of the stock traded hands, compared to its average volume of 176,068. Adams Diversified Equity Fund has a 52 week low of $15.30 and a 52 week high of $19.60. The stock has a fifty day moving average price of $19.10 and a 200-day moving average price of $17.91.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV boosted its holdings in Adams Diversified Equity Fund by 18.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,586 shares of the closed-end fund’s stock worth $524,000 after acquiring an additional 4,538 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Adams Diversified Equity Fund by 5.4% during the fourth quarter. Royal Bank of Canada now owns 365,808 shares of the closed-end fund’s stock valued at $6,478,000 after purchasing an additional 18,806 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at $9,920,000. Envestnet Asset Management Inc. bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at $421,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Adams Diversified Equity Fund by 63.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 22,084 shares of the closed-end fund’s stock valued at $391,000 after purchasing an additional 8,546 shares in the last quarter. 28.41% of the stock is owned by institutional investors.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.