Adams Natural Resources Fund, Inc. (NYSE:PEO) Increases Dividend to $1.03 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.03 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Friday, November 22nd. This is a boost from Adams Natural Resources Fund’s previous dividend of $0.16.

Adams Natural Resources Fund has raised its dividend by an average of 21.2% annually over the last three years.

Adams Natural Resources Fund Price Performance

NYSE:PEO traded down $0.10 on Friday, reaching $24.18. The stock had a trading volume of 40,415 shares, compared to its average volume of 39,223. The stock has a fifty day moving average price of $23.53 and a 200-day moving average price of $23.37. Adams Natural Resources Fund has a 1-year low of $19.78 and a 1-year high of $24.51.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 10,476 shares of Adams Natural Resources Fund stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $22.19 per share, with a total value of $232,462.44. Following the purchase, the insider now owns 2,864,659 shares in the company, valued at approximately $63,566,783.21. This trade represents a 0.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 53,103 shares of company stock valued at $1,204,624. Insiders own 0.06% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.