Adams Diversified Equity Fund, Inc. (NYSE:ADX) Increases Dividend to $0.47 Per Share

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, January 26th will be paid a dividend of 0.47 per share by the closed-end fund on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, January 26th. This is a 2.2% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

Adams Diversified Equity Fund Price Performance

ADX stock remained flat at $23.11 on Friday. The company had a trading volume of 603,309 shares, compared to its average volume of 356,212. Adams Diversified Equity Fund has a 1-year low of $16.50 and a 1-year high of $23.85. The business has a 50 day simple moving average of $23.07 and a two-hundred day simple moving average of $22.43.

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.